call-to-action call-to-action-mobile

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.

"'My wife and I recently had the pleasure of working with Rachel to secure an apartment rental through EHB Residential. Not only was the apartment immaculate upon our arrival - with every small detail taken care of, Rachel worked hard to make the whole rental process as smooth as possible. p. Rachel shows a genuine interest in the needs of both the tenant and landlord. For us, this created a 'win win' situation where we were able to move into our dream apartment with minimum fuss while the owners of the property can rest assured that their investment is safe under Rachel's diligent management. p. I would highly recommend the services of Rachel and EHB residential.5* experience ' "
Paul Marshall

News Archive

November 2023

Thinking of Selling in 2024

October 2023

Thinking Of Moving To One Of The Best Places To Live In The Midlands?

September 2023

Why ehB Should Be Your Top Choice For A Leamington Estate Agent

August 2023

Now Is The Time To List Property!

July 2023

Hoping To Be Moving House Before Christmas?

June 2023

Town Centre Living Is Back!

May 2023

Is It A Good Time To Sell A House?

April 2023

When Is The Best Time To Sell A House?

March 2023

Why Is Demand For Property So High In Leamington Spa?

February 2023

The Property Market Is Stabilising

November 2022

Two long-established names in Warwick estate agency join forces as ehB buys Donald Carter

October 2022

What’s Going On With The Housing Market?

Low unemployment bolsters market

August 2022

What's Happening with the market in August

June 2022

Houses for sale in Leamington are being snapped up.

April 2022

How to Get the Very Best Price for Your Property

March 2022

Spring housing market shows no sign of cooling, as ehB Residential reports continuing buyer demand

January 2022

Homebuyers likely to ‘go for it’ in the New Year, says ehB Residential

December 2021

ehB Residential calls on sellers to capitalise on Boxing Day Rightmove boom

November 2021

Hesitant home sellers urged to take advantage of less competition as Christmas distracts fellow vendors

October 2021

‘October is the new September’ in home buying world

August 2021

Strong demand sees homes sell twice as fast as in 2019

Autumn will signal surge of new properties for sale as buyer demand continues

July 2021

End of stamp duty does nothing to dampen the appetite to move home

June 2021

Families looking for ‘the right home’ not deterred by end of stamp duty holiday