The British can usually be relied upon to be passionate about two conversational topics, football and property. So let’s combine the two and see what effect the World Cup tournament is likely to have on the property market, and how will we, as estate agents, respond to this?
The market itself is has been subject to lower volumes this year, frequently now being referred to as “The Brexit effect”. Nevertheless, we have actually had a fantastic year so far and would say the market, from our perspective, is “in balance”.
INFACT, as I’ve said in my previous vlogs, I’ve talked about how the Croydon Property market is in a slightly different game with the £1.4bn worth of investment being thrown into it.
Now, naturally, I speak many homeowners everyday, and I’ve noticed that many of those who were planning to put their home on the market this summer have thought about delaying – doing so either because they do not want to be distracted during the World Cup or they anticipate lower buyer activity during the period.
We expect that this temporary shortage of stock, will make it easy for sellers to achieve a good price for their home, as serious buyers will not be distracted by the football!
I know that if I stumbled across a house that I really loved, the footie is not going to stop me from placing an offer.
Now interestingly, the last world cup it was estimated that at least 50% of the UK population watched the England matches. So considerate estate agents will be fully aware of the match schedule and how this will affect not only viewings, but also the availability of surveyors, financial services advisors and solicitors at potentially critical times in a sale’s progress.
So as well as cheering for England, we’ll also be keeping a close eye on the fixture list and planning accordingly.
In the meantime, if you want a quick, instant valuation on your property, click the link in the description – it takes less than 1 minute to receive the valuation!
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Until next time!