INCREASED viewings and a rise in buyer inquiries indicate a strong start to the Autumn selling season in the region, according to an estate agency firm.
After two weeks of trading in September, Strutt & Parker reports that the market is holding up remarkably well with a fresh push from new applicants and viewings up 13 percent on August.
Sam Gibson, partner in charge of estate agency in Strutt & Parker’s Morpeth office, said: “At a time when there is a lot being written about the housing market, it is very positive to see that in the back-to-school week we have already seen an increase in buyers getting back on track and thinking about moving house.
“There are clearly a lot of people wishing to move house. What is holding them back is either lack of confidence or, in many cases, price as up to 50 percent of existing properties stuck on the market are still probably 20 percent over-priced.
“The key issue for the Autumn market will be realistic prices — whether it be new to the market or re-balancing the price of existing stock.”