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Preparation…

How long will the sellers’ market last? With a budget imminent at the time of writing and Bank of England committee meeting diarised for early November, it would be a brave person who answers that.

What we can say is that the market is currently flying, particularly anything in the countryside with land, up to ten acres. At the top end Newport House, with a £10 million guide, has completed, while a building plot in South Shropshire is under offer at £160,000. Of course every sale is unique, but anyone proceedable is winning the race – and indeed I can vouch for strong runners coming into the county.

This year we have achieved repeat sales on a number of houses, including Orleton House, Trinity House, 25 Bell Lane and we have agreed terms on Sutton Court Farm which is great endorsement of the Balfours sale expertise, market share and presence including our London office, experienced by both vendor and purchaser.

While I can’t tell you how long a sellers’ market will continue – I can tell you those best placed are those that are prepared. A market appraisal on your house this side of Christmas will enable you to action the right moment for you and the market. Scott Kemsley, Ludlow Sales Manager

Newport House Main

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