Expert opinion from Rob Batten, co-founder and director, Spencers New Forest.
It has been well documented that the property market has been exceptionally busy over the last 18 months with buoyant prices. Despite the likelihood of some tougher times ahead, particularly in terms of cost of living increases, this is still not affecting the market.
At Spencers New Forest we have not seen a downturn yet. The market continues to be strong. We are still busy selling properties and there are still many buyers looking and waiting in the Lymington and New Forest areas.
There is plenty of activity in the market. People are continuing to move out of London and the Home Counties. Some are looking for a change of lifestyle, others are retiring and downsizing, and others are ‘flipping’ their properties, buying a smaller property in London and a larger property in the New Forest area. This means there is still much demand for homes in Lymington, the New Forest coast, the New Forest and surrounding areas.
However, as we are currently seeing more instructions coming to the market, I expect at some point, as supply starts to increase, demand will level off. Therefore if anyone is considering selling in the near future, perhaps hoping to ‘ride the wave’, or would like some advice about selling or buying in the current market, please do call us or stop by one of our offices (located in Brockenhurst, Burley, Ringwood and Lymington) for a chat. We always enjoy talking about the property market!