Up to the minute property news relating to Petersfield and surrounding areas, for November 2018.
We are nearly at the end of the year, but there is no let-up in the Petersfield property market. Whether you are keen to make a move soon or you simply want to be informed of what is coming next, rely on Williams of Petersfield.
There is often a focus on the short-term in the property market. This is understandable because if you are looking to buy or sell, it is essential that you know what the current situation is and what the cost of your move is going to be.
However, there is a lot to be said for looking at longer trends. This is useful if you have a great interest in the local area and want to see how the Petersfield property market has changed in the past two decades.
Study the longer-term property terms and improve your confidence levels
There is also a benefit in taking a wider view though because this helps you to feel less anxious about the short-term concerns about the market. We think there are reasons to be optimistic about the Petersfield property market right now, but we appreciate that many people have concerns.
Taking a longer-term approach of how the property market has performed reminds you that property is an asset that is ideal for the long-term. If you don’t plan on moving anytime soon, you will hopefully feel more confident about the state of your investment, as well as the condition for your home.
We also look at an index of annual sales levels by type of property, reviewing the sales of flats and houses in the past decade. This is useful in showing buyer behaviour of the past 10 years while also perhaps suggesting something about the change in the local population.
There are many ways to review the Petersfield property market
As we said at the start, some people are focused on the short-term in the property market, and we have something of interest for you here. We examine the price volatility in recent months, and this reinforces the fact that in the short-term, it doesn’t take a lot of sales to distort the figures. A lot is said about the average price of property, even in Petersfield, but many homes aren’t of an average standard of quality.
Some homes are rundown while other properties have been improved and enhanced to a high standard. In the long-term, these properties are balanced out but in the shorter-term, say on a month-to-month basis, substantial changes can occur, and it may be down to one or two houses.
We also like to keep in touch with the local community, and we have provided you with the lifecycle of our residents. This information greatly impacts on the property market in Petersfield and it will give you insight into the local area as well as providing you with guidance on how the market may perform in the future.
At Williams of Petersfield, we are always keen to provide you with insight and useful information regarding the local property market, so make sure you stay in touch with us.
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We are always on hand to assist you with any property queries or concerns you may have, so get in touch with Williams of Petersfield. Remember, we provide a report every month so if you are looking to stay in touch with Petersfield property news and you want to be the best-informed property owner on your street, we are the local agents who will not let you down.