June Market Update

Wednesday 27 Jun 2018

Following sustained increases in property values for many years, we have finally experienced a more level playing field for buyers and sellers since January 2018.

It is often the duty of the press to report either negatively or positively about the property market. At the moment it may be perceived by the general public that we are in a rapidly declining market as auction clearance rates have been typically around 50%, but let’s put this into context. For the last 5 years, we have witnessed a growth in values of approximately 75%. Since this time last year, we may have seen values come back by approximately 5%. Those who have owned property over this time, have taken advantage of sustained growth in values.

Any turkey can fly in a hurricane” was one of my old bosses favorite sayings. Many agents operating today have never experienced a “changing market” like now, and have probably had it too easy for many years. More than ever now is the time you need an experienced real estate agent to guide you through the buying and selling process.

At Online Real Estate Agents,  we are using our wealth of experience in clearing the majority of our properties successfully for our clients, and are not perturbed or influenced by what the press are suggesting.


- Majid Mokhtari