MARKET UPDATE DECEMBER 2009

December was an excellent month for sales completing. Lots of sales would have been adversely affected by delaying completion until January as the Stamp Duty exemption up to £175,000 dropped back down to £125,000. Also with the VAT increasing and wanting to spend the festive period in their new property, it spurred clients on to get moving before Christmas. Viewings and valuations were consistent with December traditionally being the quietest month as people are spending time and effort with family.