we head into winter and towards Christmas, it gives us an ideal
opportunity to reflect on what has been a mixed but very busy year for
us and the property market in Penarth.
On the back of a lacklustre end to 2014, the market has never seemed to get going this year, but having said that, instructions and sales are roughly level. Demand has certainly increased and maybe that is why supply appears on the low side. Many vendors are not willing to market their property until they have found the next one, and this is having a knock-on effect, creating somewhat of a stalemate in certain price brackets. Penarth continues to be one of THE places to live in Wales, and this popularity shows no signs of abating.
We are proud to say that we have once again supported a number of local charities and organisations this year, donating money and our time to groups such as PODS, Penarth Hockey Club, Rugby Club, The Old Pens, Penarth Bowls Club, Marie Curie, All Saints Church, St Augustines Church, Cogan Coronation FC and Save the Children. We love Penarth and always take a lot of pleasure in helping out where we can.
As we reported earlier in the year, Charles Wood has joined the business and we are now able to offer a wider range of surveys and valuations including Homebuyer reports. We have made a good start with regular enquiries coming through. Customers are really appreciating the fact that we can survey the property and talk them through the findings, rather than just issuing them a copy of the report and moving on to the next one. We can carry out surveys across South Wales, so feel free to give us a call to discuss your requirements.
With the economic forecast still unclear, we do not expect next year to be wildly different. The demand for property locally will still be high, and the main issues will be surrounding the supply of new property onto the market. This imbalance continues to drive up prices, with lenders remaining circumspect and cautious with their values.
Here’s to 2015, and a positive and forward thinking 2016!