Activity in the housing market picked up in the past month, following the usual seasonal lull associated with the school holidays, which had been exacerbated by the distraction of the Olympics for potential buyers.
Buy-to-let investors made up a large proportion of our property sales in the lower stamp duty bracket, picking up the slack left from the reduced amount of first time buyers.
Would-be first time homeowners and those near the bottom of the housing ladder were still constrained by the lack of a sufficient deposit, credit and confidence.
Mortgage availability has continued to improve slowly, but lending criteria has still remained tight.
For further advice on current market conditions in the Leamington Spa and Warwick area feel free to contact us.
Paul Averis – Sales Manager