The residential property market has definitely improved in October with good levels of new instructions and high levels of sales.

It is particularly noticeable that realistic pricing is bringing very good levels of buyers which is also evident when prices are reduced. There may be more buyers, but they seem very wise to the value of property.

The news on inflation was very good falling to 1.7%, its lowest rate for many years, it seems very likely that the bank rate will also fall over the coming months.

Mortgage rates have already fallen in anticipation of this, with 2-year fixed now below 4%.

Once the summer holidays are over and the children are back at school, we often see a surge in buyers and tenants recommitting to the hunt for their ideal home.

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