There is an emerging consensus that the housing market is cooling at a time when an Indian Summer is normally on the cards. When the Chancellor decides to have a swipe at the mortgage lenders role in stoking up house price inflation you know that sentiment is changing. Indeed, the latest NAEA survey confirms that the number of unsold properties continues to rise in the face of greater reluctance on the part of purchasers to take the plunge.
“In this competitive market, homeowners are strongly advised to heed the advice given to them by their estate agent on matters such as valuation and property presentation.” Not the words of the author but of the President of the NAEA and he’s right.