'Substantial Increase' in Market Activity
Looking at one estate agent's January figures, the property market has taken off with impressive speed for 2004.


Friday, February 6 2004 Hamptons International estate agents' figures for January seem to confirm that the December dip in activity is firmly behind us. Andrew Marshall from the Hamptons Marlborough office said they were experiencing a 500% uplift in sales, and that they had agreed their first sale of the year by 9.30am on January 2. A rapid increase is fully expected for the first quarter of 2004, with prices rising around 5% agents say, a figure Hamptons' Country Sales Director David Adams concurs with: 'Early 2004 will see a large number of property transactions. Sales during this period will contribute to a rise in property prices of between 5 and 7%,' he said. Mr Adams also predicts that April will see seasonal flooding of the market with properties for sale, which should curb further rises in property values. He picks February and March as likely to be the best months to sell this year due to the prevailing short supply in the market. 'We are encouraging prospective vendors not to delay, to capitalise on the highest levels of demand we have witnessed for some years. There is no guarantee that demand will remain this high if interest rates continue to rise, as is predicted,' said London Sales Director Marc Goldberg. Overall the message for those considering selling is do so sooner rather than later, as the market will flood earlier this year than is traditional, and prices will not continue to rise at the same levels into the summer.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
An idyllic home in Hampshire that's perfect for the musical mind
Lyewood House sits in 3.5 acres and comes with a purpose built recording studio and an outdoor heated pool.
By Arabella Youens Published
-
You've gotta catch them all: Everything you need to know about London's giant Easter egg hunt
Fortnum & Mason, Anya Hindmarch and Chopard are among the companies that have lent a creative hand.
By Amie Elizabeth White Published