Uttlesford housing market defies Eurocrisis
6 January 2012
Julian Carder from Bidwells believes it's still a good time to move in the region.
Despite the Euro crisis continuing to dominate the press and constantly hearing how it is likely to have some effect on the housing market, we are in a fortunate position here in Uttlesford.
The reality is that the main driving force in the housing market is the balance between supply and demand. Currently there is evidence to support the fact that there remains a high level of buyers in a good position, wanting to purchase the right property. However there seems to be a lack of fresh property coming to the market of the right criteria to fulfil this demand.
Contrary to the publicised belief that there are no buyers in the market the underlying reason they want to live in this part of the country is that Uttlesford, and the area that it encompasses, is one of the most desirable areas in the UK. Excluding those fashionable parts of London which are of particular interest to the overseas buyer looking for somewhere safe to invest their money, Uttlesford has all the right criteria to make it one of the most popular districts in the country. We are within 1 hour by train into the City which has long been recognised as the financial centre for the UK, if not Europe. We have an abundance of pretty villages with picturesque houses, quaint pubs and many have thriving active communities.
We are spoilt for choice with excellent primary schooling and secondary schools, some of which have been classed as outstanding in recent Ofsted Reports and are amongst the very best in the whole of the UK. Why would anyone not want to live here?
The underlying fact is that the discerning buyer is not only looking for a home, they are also looking for value for money. Whether one is buying or selling it is generally best to move in a stable market when there is less chance of getting caught out in a rising or falling market. However the market has been unstable for some time now and people have been holding out to see what happens with the economy.
The biggest concern that individuals seem to have is that if they put their house on the market, there are no buyers and the house will not sell. The fact is that if the sale price is realistic and competitive then it will sell and the vendor will be able to move on. Interest rates remain low, money has never been as cheap to borrow and despite what the critics say your money may be a lot safer in bricks and mortar than in the stock market, which remains volatile.
Contact us
For more information contact Carly Cullen tel:01223 559 251 carly.cullen@bidwells.co.uk
