It was widely predicted by many leading sources that the housing market would show signs of a bounce back in the second half of 2019. Naively this was based on the belief that by the end of June a clear plan of action was agreed with regards to Brexit.  However, as we all know, the one thing that is currently certain is the uncertainty of everything.

With both main political parties being literally slapped across the face with the ballot box in both the Local and European elections, a Prime Minister resignation and now the side show of a Conservative leadership contest all to be evaluated or completed before the remaining task at hand is revisited, it is pretty easy to grasp that the uncertainty will continue throughout the rest of 2019.

Add into this the ban on tenant’s fees [link to website] and now the consultation on Section 21 notices, one may be left asking what hope is there for the property for the rest of the year.

Well whilst we believe homeowners are still concerned about Brexit, generally people are now bored, frustrated and exasperated by the whole show and just want to move forward with their lives.  This was shown in the two recent elections and in the past month Greenaway Residential have been experiencing a pickup in activity.  It is too early to say whether there is enough activity to start a positive trend but it certainly is enough to hold back a negative one.  The hope was that the market would go through the traditional holiday season of July and August, by which time decisions would have been made and people would accept them and carry on.  The reality will be though many people returning to work after the holiday season only to be reminded of the current Groundhog Day.

Overall we still believe that whilst the market does remain subdued a good Estate Agent must work harder, not sit back on their laurels, and find new ways to leverage technology, but above all stay in regular contact with all clients by talking to them regularly.