With Autumn in full swing and the uncertainty of the cost-of-living crisis, it’s understandable that here at Moores Estate Agents, we’ve been asked whether it’s still a good time to sell your property. Due to this, we thought it would be a great idea to provide you with an Autumn update.
Vernon, our founder, spoke with Amander Meade this month, in regards to how the current climate has affected the regional property market. Far from stalling house movement as you may expect, rises in the cost of living and global economic uncertainty has caused a churn in the property market. A combination of economic and lifestyle factors is causing a huge demand for property in this region. In short, now is an excellent time to sell.
With an estimated third of workers in London and the Southeast still working predominantly from home, the traditional ‘weighted’ salaries are being phased out for many as a result. This has made people re-evaluate their living decision, and the desire for country properties that are much cheaper has grown. All of which we offer here at Moores.
We are receiving lots of enquiries from buyers in the South hoping to move further North where they feel they can find better value for money in desirable locations. Many of these buyers are opting to release equity from their property in the South to enable mortgage free living here in the Midlands, in areas such as Oakham, Uppingham, Stamford, Melton Mowbray and Grantham.
Is Our Region Still in High Demand?
Naturally buyers find our region hugely appealing with its superb education and lifestyle opportunities, poll topping towns and character properties. We have also observed a notable shift in families now favouring day school options over boarding – perhaps because Uppingham School, like Oakham School, are now offering a day school alternative. We have cash buyers waiting so if you’re wanting to sell your property, now is the time!
Moores Estate Agents
As the leading estate and letting agents in our region, it’s safe to say we know a thing or two about the property market. If you’re thinking of selling your home and would like some more information on why we’re the best at what we do, just give us a call on 01572 757979. Additionally, you can fill out our online enquiry form where a member of our team will be with you shortly.