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Winter Market Comment

Winter Market Comment

Date Posted: 14/11/17

As the first chilly winds of Winter start to bite, what’s happening in the Hertfordshire property market?

Well, Putterills offices are all reporting some warmth left in the market. As we approach the normally quieter Winter market, there are still a good number of buyers out there looking for their next home, but with a wider choice of property for sale, getting your marketing and pricing right is more important than ever.
The early Autumn was quieter than expected, but then the market seemed to rally with a very busy October and strong start to November. It does seem that the most realistically priced homes are selling and more sellers are moving away from internet only, pay to list services, preferring traditional estate agents who are only paid when they sell your home – a clear sign the market is firming up a little. In addition, one of the most high profile online offerings, Purple Bricks, has been asked by the Advertising Standards Authority to remove some of its TV adverts as they deemed them misleading.
It’s been a great Autumn for our New Homes team with the launch of a number of high profile sites, ranging from apartments in the centre of Hitchin, houses for the over 55s in Langford, semi-detached village homes in Langley, to substantial 5-bedroom luxury detached houses in Watton at Stone at £1,395,000.
Our specialist Land Department has a new leader, Kane Lennon, who as well as running his own land company, spent 9 years working at Savills Land and New Homes and brings with him a wealth of experience and contacts.
Putterills team, Mark Shearing, Kay Sheppard and Kane Lennon, have just attended a top property and marketing seminar held by their Mayfair Office at Londons’ RAF Club in Piccadilly. Here they were reassured that we are using the most up to date property marketing techniques as well as keeping abreast of changes in Data Protection and Legislation that will come into effect in 2018. They were delighted to be awarded a prize for one of the top 3 companies achieving the most National Press PR coverage for their clients over the last year.

 As always, whether you are buying, selling or have land that you need advice on, speak to the local property experts you can trust.