It’s now commonly agreed amongst economists and the general public that the dramatic rise in Oxford property prices of the last six years has come to an end.
Read the National newspapers, and they talk of doom and gloom in the British housing market with such things as strained buyer affordability (as property prices have increased over the past six years at a far faster pace than average salaries), a lack of new properties being built and the Brexit uncertainties over the last two and half years being blamed for the slow down - yet in the last 12 months, people have still been moving, buying and selling in Oxford at levels similar to the last six years - something tells me we have a case of ‘bad news selling newspapers’.
This is the property market update for Oxfordshire’s OX29 area in October. There were a couple of sales last month and some properties had some significant price reductions. With a number of new properties on the market, competition has increased.
This is the October 2018 premium property market update for Oxfordshires OX18 area.
It was a busy month for OX18 with new instructions, sales and price reductions across all price points. With fresh supply on the market there are definitely a few homes worth looking at.
This is the October 2018 premium property market update for Oxfordshires OX13 area.
There is lots of supply in this area at the moment and we are definitely in a buyers market. Those who want to buy in this area have lots of options to choose from right now. With a number of price reductions, there are some deals to be done.