Allan's November Market Update

Published: 30/10/2021 By Allan Fuller

Looking back on the year to date property sales have certainly seen an appreciable increase. There are however some curious statistics emerging, house prices have risen, but flats have lagged behind.

The full reasons are harder to define, but the two that stand out are younger, would be first time buyers are happy to rent and think of buying later in life. The other could well be the understandable concern of safety since Grenfell. The colossal tragedy of this event has had understandable repercussions, the ongoing enquiry is extremely detailed, the eventual publication is due late spring 2022. 

Where blame will be apportioned is hard to tell, but far better regulation of construction materials and new far stricter building regulations must be a major recommendation that must be enacted as soon as possible.