Two Directors at Your Move Scott-Collier Taylor, the locally-owned Estate Agents and Lettings Agents with branches in Darlington, Yarm, Stockton and Stokesley report a superb start to 2013 with the first four months of the year (ended 30th April 2013) showing significant growth across both its Residential Sales and Lettings businesses when compared to the same period last year.
Ian Taylor, Director, reports that business results show an 18% increase in Sales and a massive 37% increase in Lettings for the first 4 months of this year compared to the same period in 2012. 2012 was itself a large rise from 2011 figures for the comparative period.
Ian commented “The market is certainly showing signs of improvement with Sales and Exchange income well up on last year and lettings business going from strength to strength.”
“We are growing our lettings team to handle extra business levels and this can only be good for the economy”
Ian Scott-Collier, Director, referred to an article in the Daily Telegraph on 14th May 2013, that outlined
“In a further indication that activity is lifting, Rightmove said traffic levels to its website have risen by more than one fifth compared with a year ago, with property hunters getting through 1.25 billion pages in April, which is a record for the website.
The number of mortgages on the market has increased sharply and lenders have slashed their rates since a Government scheme called Funding for Lending was introduced last August.
Other initiatives called NewBuy and Help to Buy are specifically aimed at giving people with smaller deposits a helping hand.
Lenders have reported that more would-be buyers are making the jump onto the property ladder, which is expected to free up some stuck housing chains in the coming months.”
Ian Scott-Collier went on to say “Seeing this significant growth gives optimism that the property market has turned the corner. The market still calls for sensible and realistic pricing of property for sale, taking into account the changes in the market since 2007 but with more buyers on the books we are very well placed to sell properties in good time at realistic prices. The lettings market is very buoyant too with strong demand and good rental incomes being achieved. There is a better feel as we move through Spring into Summer”
Elsewhere Your Move have reported in their corporate news items, “The average rent in England and Wales has risen by 0.2% since March, to £736 per month. Continued growth leaves rents in April 3.9% higher than a year ago, almost as fast in March when rents were 4.2% higher year-on-year.
Your Move commented further “On a monthly basis, eight out of ten regions saw rents rise. The strongest of these increases was in the East Midlands where rents rose 0.6% from the month before. This was followed by the North East and the South West where rents posted a 0.5% gain in both regions. Meanwhile, rents dropped the fastest in Wales, falling 0.3%. The second region to see a monthly fall was the North West, with rents in April 0.2% lower than a month before. “
Ian Taylor, whose franchise is based in the North East of England, concluded, “ All of this points to an improving North East market across sales and lettings and we look forward with optimism for growth in both the residential sales and lettings markets in the remainder of 2013.