Signs of life in the 2013 property market.

It is only two weeks since this year’s New Year’s Eve celebrations and while it is early days yet there definitely seems to be a bit of a spring in the property market in Hertfordshire. The RICS have reported that house sales are on the rise and another study has shown that mortgage lending is improving, albeit from a low base. This chimes with what we have found in the last 2 weeks with three sales in the last 10 days, two of which had multiple offers and one which sold in under a week from coming to market. The third house had been on the market for over a year as it had come to market with another agent for around £70,000 too high a price and which we have just sold to a London Buyer for £645,000. The market started well in 2012 but petered out. Let’s hope the momentum this year is greater. I have a feeling it will be, but time will tell.