Property Market Update – December 2021
December 1, 2021

By Peter Lane & Partners

At COP26 in Glasgow the scientists said that resisting change will only bring global catastrophe, the boffins say that the future is in our hands, but we must act now.

In a way, selling property is the same. We have experienced an almost unnatural market for the past eighteen months. But there are signs that things are slowly changing.

The market in some areas is not quite as gung-ho as it was. Multiple full-priced bids on properties are not as common as they were. Buyers are a little more relaxed and feel they may have more time and properties priced too high are not receiving quite the high-level interest that they might once have received.

For sellers, resisting this turn of events can be dangerous. Keeping a property on the market in the hope someone will pay a premium is fraught with risk and potential delays.

Just like resisting global warming, resisting or ignoring market conditions when selling a property is storing up trouble.

With global warming, rushing out of fossil fuels and into renewables is sensible. With property, setting a sensible asking price from the outset, whatever the market will always mean a faster and easier sale.