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ehB celebrates best autumn in three years – despite Brexit

Mon 16 Dec 2019

Leamington estate agency ehB Residential is celebrating its most prolific autumn in three years – despite uncertainty over Brexit and the country’s political future!

And with the election over – whatever one’s personal feelings about the result – it is expecting a surge in demand from sellers and buyers looking to move in the New Year.

Sales in October, November and the first half of December 2019 were more plentiful than in the same period last year, which, in turn were greater than those in the final quarter of 2017, says office manager Clive Thompson.

The figures bucked the national trend according to the RICS (Royal Institution of Chartered Surveyors) monthly national residential market survey in November. That report cited a national drop in sales of nine per cent over the previous three months.

RICS analysts are predicting a pick-up in sales and prices across the UK now the election is over.

Not only is ehB celebrating an unexpectedly successful autumn, it also agreed more sales in the whole of 2019 than any other agent in the CV31 and CV32 postcode areas according to data released by property portal Rightmove.

The latest figures also follow a record August for ehB - with sales more than double those in the same month in 2018.

“The stock profile in each of the past three autumns has been broadly similar, so we can’t put this year’s perhaps surprising sales success down to a demand for different styles of properties,” explained Clive.

“It would seem that the market in Leamington and the surrounding villages has been more resilient to the Brexit effect than one would have thought. It’s particularly surprising that we sold so many properties, as this autumn the country suffered a ‘double Brexit’ period. We had the October deadline and then the recent election, which was effectively another in/out referendum.

“Of course, we’ve also worked really hard as a team to ‘get the job done’ to paraphrase something we have perhaps heard enough of by now!

“We’re now bracing ourselves for an onslaught of people who have been hanging on for certainty about the direction in which the country is heading – one way or the other – to put their homes on the market, as well as for those looking to buy.

“The Christmas and New Year period is a traditionally popular time for people to browse Rightmove, so now is the time to contact us to take steps to get your house ready for sale in January.”

The stock markets and the pound rose sharply the day after the election - with property developers such as Barratt and Persimmon seeing share prices soar by 12 per cent and 14 per cent.

RICS is predicting more stability over the first quarter of 2020 and a pick-up in sales and prices throughout the coming year.

""Hi Rachel, just wanted to say a very big thank you for all your time and valuable advice you have given us in this tricky situation, especially during these current challenging times. You most definitely have gone the extra mile and it is very much appreciated. Take care and thank you. Kindest Regards, Paj"
Paj

News Archive

February 2020

ehB helps Milverton youngsters raise cash for playground equipment

ehB wins gold award for being best lettings agent in Leamington

January 2020

Rightmove report shows ehB was Leamington’s number one estate agency in 2019

December 2019

ehB celebrates best autumn in three years – despite Brexit

November 2019

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September 2019

ehB lettings manager celebrates 20 happy years with Leamington estate agency

Show apartment will attract autumn interest at Kenilworth town centre development

August 2019

ehB celebrates record month for sales

July 2019

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April 2019

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March 2019

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February 2019

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January 2019

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November 2018

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We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
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