STRONG END TO YEAR FOR HOUSING MARKET

21^st December 2010                                                                                                                                                                         ND003

A local firm of property specialists is reporting a strong end to 2010 and predicting the housing market will continue to recover over the coming year
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Shropshire-based Nock Deighton has seen a steady volume of house sales during November and December, as confidence grows amongst both buyers and sellers across the region.

The firm sold more than £3.6million worth of property during November alone, with houses across various price ranges – and in both urban and rural areas – attracting substantial interest. Even more niche properties have sold, as buyers start to see the green-shoots of recovery and push on with their plans.

Michael Evans, Managing Director of Nock Deighton, commented: “We were anticipating something of a lull in demand in the run-up to Christmas, but we’ve actually just seen one of our best sales periods of the year.

“I’d urge an element of caution over national media generalisations and ‘scare stories’ about the current state of the housing market. Shropshire property prices continue to remain strong compared to the UK average, and parts of our region are still amongst the most sought-after areas to live. Many of our recent buyers are from London and the Home Counties, and haven’t let the market uncertainty put them off from seeking a better quality of life here.”

Michael concluded: “Looking forward to 2011, it will certainly be another challenging year, with government cuts and increases in VAT on the agenda. But if sellers are realistic with their prices and properties are actively marketed by estate agents and lettings agents, Shropshire will continue to be a prime location, and we predict house prices will continue to recover at a speed above the national rate of inflation.”

Formed in 1831, Nock Deighton is one of the Midlands’ most well-established and respected firms of estate agents, lettings agents, chartered surveyors and auctioneers. The company stands at the forefront of the modern property sector by embracing up-to-the-minute technology and industry best practice, and has a firm focus on achieving the very best results through a full range of specialist property-related services and dedicated staff. For further information on Nock Deighton’s professional services, contact Nock Deighton’s Shrewsbury office on 01743 241251 or visit http://www.nockdeighton.co.uk/