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August 2019 – Market Update

Posted by Admin on 10th August 2019

2019 started slowly for the Salisbury Property Market. It was a very quiet Winter seeing few new instructions and not many buyers.

Spring arrived and matters improved greatly. Prices fell back to realistic levels and properties began to sell. This encouraged more people to put their houses on the market and if they were priced correctly, they then sold.

However, a lot of properties came on at inflated prices, either due to greed or incorrect valuation by Estate Agents.

We have therefore seen a large number of price reductions over the last three months and the market is now moving. Houses below £250,000 are selling well and those in the £400,000 to £500,000 mark are popular. Flats are beginning to pick up and we have sold three in the City Centre in the last month. Properties over £500,000 are proving more difficult and Salisbury is awash with retirement flats which are proving very difficult to sell.

We now have Brexit to look forward to and political uncertainty. It was the same this time last year and the year before! But LIFE GOES ON.

Update from David McKillop of McKillop and Gregory Estate Agents Salisbury Tel 01722 414747

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