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The Essex property market

By Shannon Lynch - 04 October 2017

No summer holiday for the Essex property market

We’ve had some surprises over the last year or so with voting in both the Brexit referendum and the US Presidential election going against expectations. And then of course our General Election produced a far different result to that predicted.

As usual the financial markets reacted but the property market has a reassuring trend of dusting itself down and picking up shortly after.

‘UK housing market shrugs off concerns of Brexit slowdown’ was The Guardian  headline a couple of months ago and that’s certainly what seems to have happened this summer in Essex too.

After the election there seemed to come reflection but just at the time when the property market tends to ease slightly because of the peak holiday season, the opposite happened and we saw seen a resurgence in sales being agreed that has tied in with the school holidays.

According to Rightmove. the number of accepted offers nationally rose by just under 5% in August, the height of the school holidays, compared to the previous year. At Beresfords though accepted offers in August were 18% higher than 2016, a sure sign that Essex is still the place where people want to live.    

That’s not to say that there aren’t still some challenges in the marketplace but it does seem to suit estate agents who actively try to sell property as opposed to just putting them online and expecting buyers to simply turn up.

There’s no doubt that continuing to be at the top of our game in respect of marketing pays dividends with us agreeing sales of over £980m worth of property over the last year with nearly 3000 properties sold and let.

With this in mind if you are thinking about selling or letting your property contact your local branch where they will be happy to answer any questions. If on the other hand you just want an idea of the price you could get for your property, just go to our website.