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In contrast to almost every other profession in the country (ice-cream sellers excluded), July is traditionally our busiest month of the year. Schools & colleges breaking-up, teachers changing schools, doctors and nurses changing hospitals, and recent graduates entering the world of work, result in everyman and their dog moving home and July this year has carried on the tradition.

Despite the recent Mortgage Market Review, homesales still remain buoyant with July being our busiest month so far this year for house sale completions. The good news is that we are also still receiving strong demand from buyers with several house sales in July agreed within 48hrs of instruction. That said, the market does appear to have peaked for the year, and we expect things to slow a little now were fully into the holiday season.

Phil Wardle commented “we’re still finding that properly priced and well-presented properties are selling well, and there is definitely still a shortage of supply. At the start of the year we also had a good level of investment activity and we expect the market to stay relatively strong as we go into the autumn”

In property rental, demand has been very strong too. Price is proving to be crucial, particularly compared to the previous three summers where rents have risen. In Nottingham city centre, the landscape has changed over the past few years with an explosion of purpose built student accommodation. In a move similar to the boom in new build flats in the noughties, corporate landlords are flooding to market with bigger & better student blocks. Whilst this is creating further capacity in the student market, the knock-on effect is that we are seeing a reduction in tenant numbers in the city centre and in traditional student areas this summer.

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Photo by ramnaganat, used under CC BY, text added to original