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By theteam, 21 November, 2022
Photo of the year 2022 written on a window in condensation

BACK TO JOURNAL

January Market Comment

10/01/2022

We are ignoring the New Year crystal ball and looking instead at what is actually happening to the property market at the moment.

A recent survey by a national estate agency group revealed that over fifty per cent of home buyers make a buying decision during their first viewing. Any experienced estate agent would say that they do not need a survey to tell them that.

First impressions are a crucial component in influencing a home buying decision. Hence a clean and tidy house is essential in creating a market-ready property. Neatness must extend to the front garden, where a proportion of buyers often make their decisions to purchase or not even as they walk up to the front door for the first time.

Why are such important decisions made in moments? It is because for most buyers a home is about the heart: it must feel right for them. A property can have the correct number of rooms, the right amount of space, face the right direction and have dozens of other desirable features, including being priced correctly. Still, if something does not feel right it is not right, and a buyer can detect that in seconds.

As we stride into 2022, newspapers and social media are awash with industry experts property market predictions. But experienced estate agents know that it is the present they have to address. The vast majority of home buyers and sellers are dealing with the now.

Happily, the present is easier to comment on accurately. Early indications this year are that there is no let-up in demand. But stocks remain low, keeping pressure on values and pushing up prices in many areas, making this a particularly good time to sell.

Yes, property buyers must keep their eye on cost-of-living rises, as mortgage affordability and potential energy supply cost increases will be of concern in the weeks and months ahead. Indeed, banks and building societies might toughen up their lending criteria, especially if we see more small, incremental interest rate rises.

Buyers need to make wise decisions when choosing a home, as they should always buy within their means. But, within the bounds of fiscal responsibility, people still choose a home instinctively. Property may have become a commodity, but a home is more than that. It is shelter, security and a comfort blanket, and no one needs a survey to tell them that.

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By theteam, 11 October, 2022
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"Everyone at Caldwells have been so supportive and friendly, Jeremy, Julian and all their team. Thank you so much for dealing with the sale of my property in Lymington. I have no hesitation in recommending them."

Mrs W
By theteam, 11 October, 2022
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"Caldwells have been brilliant from start to finish. I feel like I have utilised the expertise of every member of this incredible team. So a big thank you to Julian, Jeremy and Jess who all had a hand in this sale. I never felt any pressure to put the house on the market and the first hand advice I received before making any decisions was brilliant and really appreciated. House under offer within a week due to the hard work of every member of the team and I felt reassured throughout the selling process. Thank you to everyone. Thoroughly recommend."

Mr S
By theteam, 28 October, 2022
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"I would recommend Caldwells Estate Agents, they took excellent pictures of our house and an amazing video. They were very professional and the communication was great from start to finish when they sold our house for us."

Mrs C
By theteam, 28 October, 2022
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"To Jeremy, Many thanks for all your advice. With kind regards." 

Mr & Mrs C
By theteam, 28 October, 2022
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"Dear Jeremy and the Caldwells team, Just wanted to say a big thank you for all your help in purchasing my property, very much appreciated."

Mr F
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sales@caldwellsnewforest.com
01590 675875
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Lymington office
Beaufort House,
69 High Street,
Lymington, Hampshire
SO41 9AL
Tel: 01590 675875
Email: sales@caldwellsnewforest.com
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41-43 Maddox Street,

Mayfair, London
W1S 2PD
Tel: 020 7467 5330
Email: info@mayfairoffice.co.uk

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