I get asked this every day and in recent times it's been hard to give a clear reply. I know that there is strong demand for family rental property near the independent schools of north Dorset and the surrounding areas often because they are unable to find a suitable house to buy. Demand for all land is strong whether amenity or agricultural with prices holding firm and a number of off market deals taking place. On the other hand, discussions with some local agents suggest price reductions and little buyer interest in what is available - I have seen one Somerset Rectory go under offer three times only to fall through in as many months. I also negotiated a 12% reduction off an asking price just recently with little trouble.
We have had the budget which wasn't so bad, we're out of the world cup, Wimbledon is over and reports suggest the chances of a double dip recession are 60% - 80%. Some may think, with the current economic uncertainty and lack of available credit facilities that the property market will struggle to build on it's recent momentum -this may be true in many areas and the lower end of the market. What I know is that the demand is still there in the areas in which I operate and I have to move pretty fast if I see the property a client wants.
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