{"id":12589,"date":"2009-08-28T16:27:49","date_gmt":"2009-08-28T20:27:49","guid":{"rendered":"http:\/\/www.ewm.com\/internalblog\/?p=12589"},"modified":"2009-08-28T16:27:49","modified_gmt":"2009-08-28T20:27:49","slug":"12589","status":"publish","type":"post","link":"https:\/\/blog.myewm.com\/?p=12589","title":{"rendered":"UK Property Market Status by Nick Churton of Mayfair International Realty"},"content":{"rendered":"

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A riddle wrapped in a mystery inside an enigma . . . <\/strong><\/p>\n

Nick Churton of Mayfair International Realty looks into the puzzling state of the UK property market this fall and finds that, despite the conflicting signs, there is reason to be very optimistic.<\/p>\n

Winston Churchill once said of Russia that the vast country was \u201ca riddle wrapped in a mystery inside an enigma\u201d.\u00a0 Much the same can be said of the real estate market.<\/p>\n

The big question in the UK at the moment is, just what is happening? August has been one of the most active on record, and this following a rather busy July.\u00a0 So, after the dark and dreadful credit crunch months, what on earth is going on?\u00a0 After all the \u2018real estate experts\u2019 seem to think that the market could take many years to pick up again.\u00a0 But then what do they know?\u00a0 Where were their warning voices when the credit crunch first happened?<\/p>\n

This underlines the fact that nobody can really be a true expert forecaster in real estate.\u00a0 We can expertly play the hand we are dealt, and we can skilfully help buyers and sellers to make the best of the prevailing conditions.\u00a0 But to try and out-guess the real estate market is an entirely different proposition.<\/p>\n

So, if we aren\u2019t going to be foolish enough to try to foretell the future, at least we can try to understand the present.\u00a0 What the gurus couldn\u2019t factor in was the behaviour of the house buyer and seller when crisis turned to opportunity.\u00a0 Neither group is silly.\u00a0 Homeowners understand that there is a strong chance that the market has hit the bottom and now the only way is up.\u00a0 So the longer they wait the more they may get for their property.\u00a0 Buyers, on the other hand, are keen to buy now as they anticipate that this is the perfect time to purchase.\u00a0 Indeed, latest figures for the UK show that residential real estate is now at its most affordable for thirteen years.<\/p>\n

The recent property activity is a riddle, and the mystery of where things will go next does lie within the enigma that is the market.\u00a0 But one thing we do know: those astute buyers and sellers do understand a thing or two about supply and demand.\u00a0 Reluctant sellers mean a dearth of real estate coming onto the market and that, in turn, is stimulating a level of activity that is now causing competition between many buyers.\u00a0 Hence the recent surge in property activity.\u00a0 In some areas this means multiple offers and even rising prices against the run of play and certainly against the forecasts.<\/p>\n

So, what a great position to be in.\u00a0 Don\u2019t sell and you will make money.\u00a0 Buy now and you will make money.\u00a0 It\u2019s win-win and that is a concept that should be no riddle, mystery or enigma to anyone.<\/p>\n","protected":false},"excerpt":{"rendered":"

A riddle wrapped in a mystery inside an enigma . . . Nick Churton of Mayfair International Realty looks into the puzzling state of the UK property market this fall and finds that, despite the conflicting signs, there is reason to be very optimistic. Winston Churchill once said of Russia that the vast country was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[59],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/12589"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12589"}],"version-history":[{"count":0,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/12589\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}