June Property Market Update

June Property Market Update

This year so far, has been exceptional for us here at Pattinson Estate Agency and Pattinson Auction!

The property market in the North East is in fact moving and for us, and has shown no sign of slowing down. As with the previous months, we saw a huge surge in listings and sales, in May, compared to the same time last year, and the momentum has carried forward, with significant increases in property transactions across our branch network in the North East. In addition to this, our national auction facility has experienced a record-breaking couple of months in some areas of the UK. There is a lot of buyer confidence, and in most instances, properties are selling quickly. 

Over the last 6 months, we have acquired three North East based estate agencies, taking our branch network to 28. We recently publicly announced that we are actively seeking to acquire more estate agencies and other industry-related businesses. It is therefore an extremely exciting time for us as a growing and successful business, and we look forward to seeing what the remainder of the year brings.

We have a slight 'supply and demand' imbalance with rentals, as we have a substantial database of tenants waiting to rent, and unfortunately a shortage of properties coming on to the market for them to rent. If you would like to let your property out, do contact our team of experienced letting staff who will not only find you a reputable tenant, but they are also well versed and on top of all of the ever-changing landlord laws and legislations. 

As ever if you are thinking about selling or renting your property, please contact your local Pattinson team.