So, post Brexit, has the predicted slump in the property market hit us?

In the weeks leading up to the referendum, here in Salisbury, we saw a decline in both new properties coming on to the market and offers on existing properties offered for sale.

However the referendum result does not seem to have made any lasting impact here and new instructions, as well as sales agreed, are again on the rise.

In the short-term, we believe that the shortage of properties, both locally and nationally, has driven the market forward irrespective of our desire to remain or leave Europe.

We feel the more imminent threat to our local market is the stringent criteria applied to new mortgage applications making it ever increasingly difficult to borrow, and the length of time taken for local searches to complete.

The decision to leave Europe may have more of an impact on the local market over the medium to long term, but today we can say that we are cautiously optimistic about the future.

To book a valuation on your property call us on 01722 411151.


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