ESTATE agents Ellis Winters Ltd, of 20 Market Hill, Chatteris, have seen the busiest start to a year since the market slowed down in 2007 and are encouraged by the number of first time buyers.
They are obviously taking advantage of the stamp duty incentive that end in March, low interest rates and the easing of the amount of deposit needed, said Mike Ellis.
“We have been busy putting sales together with these first time buyers which is where we think the Government is missing a trick. They have been lobbied by the big building companies to try to get their new houses sold, but when a new house is sold it results in just one sale. If a first time buyer buys a re-sale house, however, it can result in four or five other sales.
“From an income point of view, the Government would earn far more from the stamp duty revenue and the tax raised from all the related sales such as furniture, carpets, kitchens and bathrooms that always follow.”
The agent said the houses that are selling are competitively priced and appear good value for money while those that are hanging around are usually unrealistically priced.
Said Mike: “Buyers have far more information than ever before and are as good at valuing as we are. Websites provide sales prices and comparables from all areas in all price ranges. If your property has been on the market for a while, look carefully at the price or condition.
“In February we have agreed sales on property worth almost £2,000,000 which is double the figure from last year, there seems to be more confidence in the housing market especially among the first time buyers. It may be they are just fed up with living at home with mum and dad.”