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Looking Forward to 2018- Monmouth Property Bureau

You have probably heard the quote: “If you do what you love, you’ll never work a day in your life” and this is certainly true for the staff at Monmouth property Bureau. This year Monmouth Property Bureau has gone from strength to strength, increasing our market share of both sold and rented properties, cementing our reputation as the “go to”

agent for sales and lettings. 2017 has seen some fantastic highs culminating in our team winning

the British Property Awards Gold Medal Award for customer services. Always willing to go the extra mile we have even helped one of our landlords rent their property in Croydon.

We have represented some marvellous properties from modern town houses to character Barn conversions in Monmouth and the surrounding counties of Herefordshire and Gloucestershire. One of our all-time highs was selling part of the old Monmouth Dispensary, a glorious three story Georgian affair with a beautiful Jacobean style fireplace.

So what can we expect for 2018?

Whilst there are those in the industry who like nothing more than to talk the market down, at Monmouth property bureau we remain positive that the local property market will be stronger than ever for the following reasons.

An increase in market activity is now more likely following the chancellor’s recent autumn budget offering stamp duty relief for first time buyers. We are now looking forward to a sharp increase in young homeowners in 2018 and with this in mind we are planning a special event in January to highlight the opportunities available to those looking to get on to the property ladder.

The toll on the seven bridge will be reduced eventually to nothing and this is expected to generate an increase in business activity, property buying activity and overall more confidence in the region with the expectation that property values will increase.

The number of new build homes expected to be released in Monmouth next year will help to free up chains making it easier for house sellers to trade as well as offering attractive investment opportunities for buy to let landlords.

Interest Rates, despite the 0.25% rise, are still historically low and whilst the general forecast is for rates to move upwards they are not expected to rise dramatically and there are some excellent mortgage products to be had, speak to your financial advisor for more information.

Will Brexit cast a shadow on house moving? Well the short answer is, we simply don’t know. There are house sellers who will hold back from selling because of it and equally there will be those who are rushing to sell for the same reason, but hasn’t it always been this way?

From an estate agency point of view however, some things should never change. We will continue to provide more of the same quality award winning service, with competitive fees and knowledgeable staff.

Monmouth Property Bureau, 01600 719183