Savills ''market still fairly robust''


Mon 1st Oct, 11:38:35 BST

Estate agency Savills has predicted that buyers and sellers will become more cautious about engaging in the property market in the coming months but said that the market is still "fairly robust".

Jim Ward, residential research director at Savills, said that the firm was confident that the market would not see any major price falls but price growth had slowed down in recent months.

"We expect the market overall to go fairly sideways over the next six months in terms of price growth, but with much lower turnover as buyers become more cautious and sellers sit on their hands unless they really need to sell. That''s generally what happens when the market slows down," he said.

In some areas, he suggested that could be small price falls and that sellers may need to lower their prices in some circumstances in high-supply market but that overall, the market was doing well.

Last week, the Nationwide House Price Index said that house prices had "defied gloomy expectations" and increased in September but advised consumers that they should carefully consider "their financial position and the risks around it before entering into a house purchase decision".ADNFCR-1143-ID-18299579-ADNFCR


News Home




 Print   Send to a Friend   Discuss in Forum   RSS Feed



Share this article:

  Digg it    Del.icio.us    Reddit    Newsvine    Nowpublic   






Search News Archive: