13 Oct Latest News and Market Comment
The property market in Bath and Bristol has really turned a corner in the last six months.
Our Private Client instructions for home surveys have always been consistently high but over recent months the lead-in time for carrying out a Survey has increased from around one week at the start of the year to three weeks or more. Fortunately this has fallen back to a more acceptable ten days or two weeks at the time of writing and we will always do our best to accommodate an urgent instruction. This reflects the national picture where there can be a delay of over four weeks in obtaining a Mortgage Valuation. We would like to thank all our clients for their patience and also for the many positive testimonials which have been provided in the post-survey Customer Satisfaction Questionnaires. Building Surveys are particularly time consuming to produce and we really do try to make each report better than the last.
Again and reflecting past comments the areas of Totterdown, Bedminster and Southville continue to be very popular with buyers and similar comments apply to Brislington where there have been clear price rises in the roads around Sandy Park Road etc. Property Values have risen strongly in most parts of Bath and in the traditionally more desirable areas north of Bristol city centre. There is a resurgence in buy-to-let investments and it would appear that now is a good time to buy as we are moving on from the bottom of the property cycle. Some of the towns and villages around Melksham, Trowbridge, Westbury, Frome and Midsomer Norton have not yet seen such a recovery but estate agents report brisk business when prices are right.