DCSIMG

Property market is the driver for economic growth

Adrian McCarthy is the manager of Cooper Estates in Market Harborough. (Mail picture: Andrew Carpenter/001620-2).

Adrian McCarthy is the manager of Cooper Estates in Market Harborough. (Mail picture: Andrew Carpenter/001620-2).

  • by Adrian McCarthy
 

With the New Year now in full swing we can finally put the recent Ashes tour in Australia behind us and begin to look forward to 2014 and all it has to offer.

Is the economy really on the road to recovery?

Will England win the football World Cup?

Is the housing market really recovering?

The answers to those questions is, well, yes. Although, maybe not the World Cup.

The economy and the housing marketed go hand-in-hand.

When property is selling and transactions are on the increase, then new owners will of course redecorate the new property or re-carpet, buy new kitchens, bathrooms, new electrical goods and so on.

The knock-on effect from this produces new impetus within the retail sector.

In some cases, companies provide more staff to cope with the upsurge in demand for DIY, therefore creating more revenue for the local economy.

So it’s not surprising we are beginning to see “green shoots of recovery” thanks to the increase in demand for housing and recent transaction levels.

I think it’s safe to say the past six months in the housing market took us all by surprise, with the demand for housing in Market Harborough on the increase, even the festive slow down in the market didn’t really take place, which was a pleasant surprise.

With current availability across the marketplace locally at an all time low, current buyers are being forced into a situation where they are up against, on average, three other buyers.

This is forcing the asking price up because demand is out stripping supply.

The value of your property could be more than you think due to these current conditions.

The three to four-bedroom detached market in particular has been extremely strong and this is where we are seeing the most interest.

For more information about Cooper Estates, of 6/8 The Square in Market Harborough, phone 01858 463705.

Story by Adrian McCarthy. Mr McCarthy is the manager of Cooper Estates in Market Harborough.

For more information about the firm, visit the website www.cooperestates.net.

 

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