Oxford agent highlights increase in ''trickier'' sales
Wed 2nd Jan, 17:12:07 GMT
An estate agent in Oxford has warned that while deals are still being made, the housing market in the area is experiencing a "cooling off period".
In recent months, financial and property experts have predicted that this year will see property price growth slow dramatically after several years of rapid increases.
According to the Halifax, house prices in Oxford rose by 28 per cent between September 2006 and 2007 but local agents admit that they have noted that the market is beginning to become less heated.
Chris Dixie, sales negotiator at Cluttons, told the Oxford Mail that the region "is a fantastic place to buy" but pointed out that there have been clear changes recently.
"We have found people who have wanted to move have had to be prepared to deal on price in a way perhaps they haven''t had to do before," he explained, adding that some homes have become "a lot trickier to sell".
Despite prices no longer being as high as they were in spring and summer of 2007, Mr Dixie is optimistic about the future of Oxfordshire property, commenting: "People are looking at everything, they are reading about the property market and they are just being a bit more cautious."
In recent months, financial and property experts have predicted that this year will see property price growth slow dramatically after several years of rapid increases.
According to the Halifax, house prices in Oxford rose by 28 per cent between September 2006 and 2007 but local agents admit that they have noted that the market is beginning to become less heated.
Chris Dixie, sales negotiator at Cluttons, told the Oxford Mail that the region "is a fantastic place to buy" but pointed out that there have been clear changes recently.
"We have found people who have wanted to move have had to be prepared to deal on price in a way perhaps they haven''t had to do before," he explained, adding that some homes have become "a lot trickier to sell".
Despite prices no longer being as high as they were in spring and summer of 2007, Mr Dixie is optimistic about the future of Oxfordshire property, commenting: "People are looking at everything, they are reading about the property market and they are just being a bit more cautious."
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