Green & Co success shows local buoyant market
Mon 16 May 2016
Green & Co is celebrating one of its most successful ever months in the company’s 24-year history of selling homes in the local area.
In April, Green & Co listed 173 new homes for sale, breaking its own record for the most new properties listed in a four-week reporting period. It also set achieved a new high for the most offers received in a single week, securing an incredible 74 offers in one week across its network of sales offices.
All in spite of national predictions that the introduction of a new 3% stamp duty surcharge on buy-to-let properties form April 1st could put people off buying investment properties and potentially slow down the market.
Paul Ivens, director at Green & Co, said: “As one of the biggest agents in the local area with seven sales offices, our own figures are good indicator of how the local property market is performing. In fact, independent analysis consistently shows that more than 25% of all sold signs in Sutton Coldfield are Green & Co signs.
“It is fair to say that the number of properties available to buy in the local area has been low in the first few months of the year but the market seems to have kick-started in April. More properties are being listed each week and buyers are responding, as shown by the numbers of offers we secured last month.
“It has also been encouraging to see that the introduction of a 3% stamp duty surcharge on buy-to-let homes doesn’t seem to have had any negative impact in the local area, judging by our performance in April.
“These are all very encouraging signs got both buyers and sellers as we go into the summer months.”