Tuesday, April 14, 2009
March Viewing and Offer Figures
The impending mini-budget hit confidence in the property sector last month. Viewings and offers were down on the corresponding period last year.
They are also down on February, again due to uncertainty...I hope!
Here they are:
March 2008: Viewings 110 Offers 41
March 2009: Viewings 84 Offers 25
Houses are still getting sold, but at reduced levels and reduced prices.
Even with reduced interest rates, buyers were cautious, as the forecasts were for property taxes, changes to mortgage interest relief etc.
Now that we know there is no property tax, for now, and we know the extent of the changes to mortgage interest relief, buyers are back in the market.
Viewing levels for the month of April to date are up. It will be interesting to see if this is maintained for the whole month.
I will post those figures at the start of next month.