Latest news from the property market

Bank holiday success, two properties sold and new instructions

Coventry estate agents Foster Lewis and Co are pleased to announce two properties sold on the August Bank holiday and have several new instructions for a great start to September 2015.

As we discussed in a recent blog posting – Strongest August property market market since 2007 but sellers still needed – trends across the country show a strong August property market but sellers are still needed.

Miles Shipside, Rightmove director and housing market analyst comments:

“While new seller asking prices have been muted by the traditional summer holiday property slowdown, the underlying shortage of property coming to market compared to buyer demand has helped to deliver the strongest August price performance since before the credit crunch. Buyers can normally pick up some bargains in August as sellers who are marketing their homes when they should be holidaying often have a pressing need to sell and mark their prices down pretty aggressively. At 0.8% down on the previous month, this is the least generous that sellers have had to be for eight years and a clear sign of upwards price pressure in the pipeline.”

Get in touch to talk about your next move

If you’re thinking about moving get in touch with us for a friendly chat about your property and the current market in Coventry. Call us on 02476 592929 or fill out our contact form.

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