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David reviews 2017

Managing Partner David Boyden reviews the market and suggests what might lie ahead for 2018...

The shape of the UK’s withdrawal from the European Union continues to impact on wide areas of the economy, including the UK housing market which has had what could be described as a ‘cautious’ year. Uncertainty over the impact of Brexit on economic growth and concerns over the country's public finances have combined to impact housing transactions (which tend to be more volatile than prices) and this is where the uncertainty caused by Brexit has manifested itself most strongly.

Despite the world events which impact our everyday existence, there is also a reality that we all need to carry on with our lives as events around us evolve. Clients will still require to move up, down or even across the property ladder whatever the eventual shape of agreements made in Europe.   
On the ground in our branches we have seen pleasing growth in our market share with a range of properties on our books, appealing to first time buyers, investors and families alike. Buyers remain very savvy and will only pay a true market price even in the most desirable of locations, so we anticipate that prices will remain in check. Looking ahead to 2018, we anticipate that the uncertainties surrounding Brexit will continue to impact on the market and await with interest the impact of rises in interest rates. 
Our Sales colleagues have worked hard to secure new business and to drive Boydens forward as part of our development plan which we look forward to seeing continuing to produce dividends in 2018.

T: 01206 773308
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