Demand Outweighs Brexit In Nottingham’s Park Estate
Despite fears that the property market may have slowed post Brexit, The Park Estate in Nottingham remains buoyant, with a record number of sales completing so far this year.
So far in 2016, contracts have been exchanged on 52 properties – 12 of which completed post Brexit – but compare this to the same time last year, and contracts had been exchanged on just 40 properties by this point.
Interest rates remain low, meaning the largest concern is still low stock levels, especially of the 2 and 3 bedroom apartments, which simply aren’t meeting the high levels of demand.
Demand remains strong as sales have been agreed off market on 2 properties this week alone.
Jason Cook, Director at FHP Living for The Park Estate, comments:
“The statistics speak for themselves. Due to the incredibly low levels of stock, especially of apartments and the ever growing line of purchasers waiting for availability in The Park, when properties come to the market they are being snapped up.
We have a further 26 properties in The Park Estate which are sold subject to contract, so the uncertainty surrounding Brexit is arguably being overshadowed by the record levels of demand and the stock levels which are limited in comparison.”
For more information or arrange a free market appraisal, please contact Jason Cook on 0115 941 5924 or email firstname.lastname@example.org