Market Update

 

The Housing Markets, both sales and lettings, across Cambridge, Newmarket and surrounding areas have experienced a phenominal few years! Despite the challenges presented by Covid-19 related lockdowns and anticipated Buyer, Seller, Landlord and Tenant caution the transaction rate has been exceptional and, as we enter 2022, seem to remain as buoyant as ever.

As we hopefully emerge from the Covid pandemic we can reflect on 2020 and 2021 as a couple of the strongest years in the market on record, the last 12 months have seen some truly spectacular rises in both capital values and rents; naturally this is a mixed blessing depending upon which side of the equation you stand on however there are no indications of negative influence at this time. Without doubt the incentive and assistance offered by the chancellors “Stamp Duty Holiday” bolstered demand in the sales market but even after the expiry of the incentive there has been little change in the enthusiasm shown by prospective purchasers. The number of new tenants moving to the area with employment has also maintained interest from investor buyers looking for a long-term stable investment.

The need for a quality professional agent is still high. Whilst our remit has in the eyes of many prospective sellers or landlords been that an agent is simply finding a buyer or tenant, it is really finding the best buyer or tenant after a period of intense and widespread promotion. Experience has shown that whilst extensive marketing over a reasonable period is more onerous for the agent it usually results in a substantially higher sale price or better "quality" tenant for the client and we make it our mission to deliver this.

At the end of the day high levels of service, provision of accurate advice by qualified industry accredited professionals and monitoring are important aspects of our business; crucial in fact! Our main objective is to do the best for our client, surpassing their expectations and delivering achieving the highest price is just a part of it!

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