Saturday 18 April 2015

Are We In A Buyers Market Or Sellers Market?

I suppose the answer to that question very much depends on whether you are a buyer or seller, but think about this.
The election is looming and we are just 3 weeks away from the one of the most tightly contested elections for many many years with much uncertainty on the horizon

So, just how is the election effecting the property market in Leighton Buzzard?

Take a look at this graph. 



I got this information from +Rightmove  this morning and found the result not surprising. I have said for a few weeks now that the election is having an effect on the property market, I even said to a friend of mine last night that we have seen a flurry of activity in February and the market has dropped off with regards to new instructions.

The last quarter of any year will always see a drop in properties coming onto the market as Christmas approaches. Traditionally, we then see the market start to pick up again and when spring is upon us the market is starting to get into full flow.

But not this year


From the graph above you can see that the Leighton Buzzard property market in the area has been gradually declining, but what will happen post election?

I personally believe that once the election is out of the way, we will see a flurry of properties coming onto the market which will make the market a buyers market. But what market do we have at the moment?

Let me have your thoughts below in the comments section if you think the Leighton Buzzard Property Market is a buyers or sellers market.

With the lack of instructions I believe it is a sellers market

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