MARKET UPDATE JULY 2008

The market has quietened down as usual now the Summer holidays have started. Sales are still possible with hard work, realistic prices, committed vendors and quality promotion. HIPs are still a waste of time – none are ever looked at. Agents seem to have cut back on lots of their usual costs – advertising in the local press, staff and websites. Regular client contact is essential to keep vendors happy although almost all seem to understand things are moving more slowly. Several of our most recent sales were to cash buyers and to one first time buyer – so they must still be out there – just a bit cautious.