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More houses for sale in Carrington, Sherwood, & Mapperley Park

More property needed! That is the message to house sellers considering coming to market following a very solid August. Continuing in the same vein as the rest of the year so far, buyer demand is still generally outstripping supply, leaving some potential movers frustrated.

Talk of interest rate rises are never helpful, however most buyers we have spoken don’t seem overly worried about the effect a .25% rise in their mortgage interest payments would have on their finances. Their bigger concern as always is, stamp duty.

Demand in lettings has been high as is traditional for August. Confidence among landlords is improving which has been reflected in recent buy-to-let lending by the Council of Mortgage Lenders reaching a five year high. We think tenant demand will remain strong whilst the level of house building remains as low as it has been and which shows no sign of changing in the short term.

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