Henry Pryor: “Political uncertainty will drastically affect housing”

Henry Pryor, a frequent commentator on the UK property market, has today been featured on the Express website sharing the mood that property prices are being effected due to current Brexit uncertainties. Are we leaving as per the democratic vote of 2016 or has the Prime Minister something else up her sleeve having her arm bent from the leaders of the EU?

In, out or shake it all about, whatever your views, we all know that the UK housing market is certainly not buoyant and that prices in many areas are falling – The days of valuing property way above what they are worth are over and estate agents are advising clients to set the price at a realistic amount or for listings sitting around then reductions may be the way forward.

Mr Pryor: “If you are looking to buy a house in Q1 you will have the market to yourself.

&

I suspect if you ring up an estate agent and ask them if you can go and see one of their properties they will probably send a stretched limousine to pick you up.

I love Henry’s comment here as I should send him some information, out of three property I have viewed recently and being in a position with a big cash deposit and no chain, I have not heard back from two estate agents despite follow up emails! I have simply driven back to vendor and spoken directly! But yes I do agree – The market appears to be desperate for buyers.

A very key comment from Henry was if you would be prepared to make an offer during Q1 2019 and in deed stick to it depending what happen on March 29th? I, as a buyer, am certainly thinking that myself!

Read the fall story here.

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

How to secure a rented home if you used to pay rent up front

One change that has come into effect under the Renters’ Rights Act (RRA) is that landlords may no longer accept more than one month’s rent in advance of a tenancy beginning. Previously, there was no limit to how much rent tenants could pay up front to secure a property, which was particularly helpful in certain…
Read More
Kerb appeal
Breaking News

Whoever Leads Britain Next Must Focus on Growth, Housing and Opportunity

Neil Louth – Group Executive Director, LRG and CEO, Acorn Group From my perspective, the question is less about who occupies Number 10 and more about what they do once they get there. Whether it is Sir Keir Starmer continuing in office, Andy Burnham emerging as a future challenger, or someone else entirely, the next…
Read More
Breaking News

Biggest Shake-up of Home Buying in Decades

Families and first-time buyers set to save time, money, and stress under major changes to the homebuying process – supporting the next generation and those locked out by a slow and unfair system New sales packs to ensure buyers have the information they need upfront, earlier binding agreements, and digital tools will halve the number…
Read More
Breaking News

More than half of home movers try D.AI.Y

but 38% say it gave them bad advice   The latest research from Yopa has found that 57% of home movers have engaged in D.AI.Y, to help maintain, repair and improve their homes, although more than a third have been given advice that later turned out to be incorrect. Yopa surveyed recent homebuyers to understand…
Read More
Breaking News

Home buying journey is about to become unrecognisable

Claire Van der Zant, CEO of Novus Strategy, comments on the Government’s homebuying reform “The industry has been very vocal in its demands for mandation and this is the most impactful example yet of government intervention that will drive the change everyone has been asking for. What it will mean is the complete reorganisation of…
Read More
bank of england interest rate
Breaking News

Bank of England holds interest rates at 3.75%

The Bank of England has announced its decision to hold the base rate at 3.75%. This decision comes as a result of wider economic uncertainty and inflation (CPI) increasing to 3.3% in March and remaining above the Bank’s 2.0% target. Here are some thoughts from within the property industry.   Matt Smith, Rightmove’s mortgage expert…
Read More