Robert Reed, Head of Wright Marshall’s Tarporley office, has made another appearance on BBC Breakfast News after being invited to discuss the record high asking houses that the property market is seeing.
As one of the region’s leading estate agents, Robert analysed Rightmove’s findings that although the market’s growth has slowed down, up only 2.2% since last year, house prices are at a record high. Robert advised that asking prices were only a small part of the story, and that the more important factor is the sold prices.
Speaking to BBC Breakfast, Robert Reed, comments; “For me, the real key point is not asking prices but actual achieved prices which tell us more about the state of the market. What this survey tells us is that even though prices may not be running away in the way that they were, the number of deals is at a satisfactory level.”
When questioned about the effects of Brexit and the General Election might have on the property market, Robert explained; “The absolute fundamentals of any market is the demand and the availability to finance. We have these two critical points right now – levels of demand are good, particularly with first time buyers, and availability to mortgage is reasonably good – so we would anticipate that this would help us through these other major political events which might influence the market.”
With more than 13 years of experience, Robert is increasingly called upon by media organisations such as the BBC to offer expert advice and insight into all matters relating to property from residential sales, valuations, auctions and tenders through to planning and development as well as land and agricultural sales.