Henley estate agent discusses property market with Henley Standard
Date : 06 May 2010
Henley Standard: What impact do you think the forthcoming General Election will have on property in Henley?
Nicholas Brown, Knight Frank Henley: We are already seeing a slow down in the number of viewings as the run up to the Election starts to bite. The volume of transactions thankfully remains relatively good; however there is a concern that the property market may not be as buoyant after the Election — at least in the short term.
Henley Standard: How has the property market performed so far in 2010?
Nicholas Brown, Knight Frank Henley: The market seems to have responded well after the Christmas break. There have been a good number of sales agreed and in some cases these have exchanged without too many hitches along the way. This makes a pleasant change!
Henley Standard: How do you see the property market performing over the remainder of 2010?
Nicolas Brown, Knight Frank Henley: We consider that the property market will continue to perform well although transactions will no doubt take longer to close. As the Henley area is so pretty and high on people’s wish lists, we are likely to be better protected from fluctuations in the market than many other locations. We just need a settled period following the General Election for confidence to return.
Henley Standard: Have house prices stabilised after last year’s increases or are they still going up?
Nicholas Brown, Knight Frank Henley: House prices did not really increase last year — just the number of transactions seemed to improve. This year we seem to be experiencing the same.
Henley Standard: Is there still a good supply of buyers looking for country properties?
Nicholas Brown, Knight Frank Henley: The numbers of buyers is certainly increasing, however their motivation to buy is slightly on the wane but I am confident this will return. We have found that houses that are correctly priced and marketed are finding a buyer.
Nicholas Brown is head of Knight Frank’s Henley office.
20 Thameside, Henley on Thames, RG9 2LJ
+44 (0) 1491 844900