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County’s residential sale hot-spots - patchy

Shropshire’s residential property market is revealing a few hot-spots, but one agent is cautious of the Royal Institution of Chartered Surveyors which has doubled its property price forecast for 2015 up from a 3% rise to 6%.

The RICS justified its revision as the number of homes for sale fell to the lowest level in more than 30 years, which, combined with rising buyer demand and low interest rates, is pushing up prices.

Head of sales, Tim Main at Balfours Property Professionals, which has offices in Shrewsbury, Craven Arms and Hereford, said: “The market remains patchy; we have achieved a number of exceptionally speedy sales this summer, particularly in the £400,000 price region. For instance the sale of Blackhurst Cottagesouth of Shrewsbury was agreed within two weeks and we have sold others amid competition and above guide price.”

However the agent says that is not the case for all: “Unfortunately not all properties are courting such popularity and success in the market which remains patchy; every house and every buyer is individual. The important thing is to get the presentation right, particularly online and to ensure that the unique selling points of the property are highlighted to the buyer who wants something specific to their requirements."

The RICS has also lowered its forecast for the number of transactions for 2015 from 1.25m to 1.2m: “I would endorse this forecast, as we continue to seek stock on behalf of clients, which is why I would urge anyone considering marketing their property to take those first steps, they may well be very pleasantly surprised,” adds Mr Main.

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