Elite Homes Market Report

MARKET REPORT FROM THE WINNING TEAM AT

ELITE HOMES

www.lawlors.co.uk

Elite Homes Market Report interest is centred around ÂŁ1,000,000 - ÂŁ1,500,000 but as the season develops we expect this to move above the ÂŁ2,000,000 mark.

The Feel Good Factor Returns to Top End Property

Despite a relatively slow start to the year the steady supply of positive news relating to the economic recovery is filtering through to all sections of the market. The frantic activity surrounding the lower price bracket is translating steadily through all price brackets into sales. Our Elite Homes department is experiencing a sudden upsurge of positive interest. We have exchanged contracts on the highest number of properties valued over one million pounds since 2007. It is fair to say that the bulk of

New Developments

We have also been successful in promoting new developments throughout the area including many luxury apartments which will help create the full circle of moving to allow many of our clients to downsize.

We anticipate the demand for high end property to continue throughout the year although much depends on the effects of mortgage Our well established Elite availability.

Team are looking forward to a challenging and exciting Financial Stress Testing summer with a growing In an attempt to ensure number of qualified buyers that the property market looking to move this year does not fall into a boom so if you are considering or bust cycle the Banks are putting your property on the introducing more stringent market at this time please do testing on mortgage not hesitate to contact us for applications to ensure that a full market appraisal. potential borrowers are able to withstand the effects of interest rate hikes up to the levels of 7%. Generally speaking most of our Upper Floor, 165 High Road, purchasers have sufficient equity to put down on these Loughton, IG10 4LF properties although we are T: 020 8418 1890 most diligent in ensuring E: elite@lawlors.co.uk that our buyers have the best buying capabilities.

SOLD SINCE JANUARY 2014

SOLD

SOLD

Brook Rise, Chigwell

Bracken Drive, Chigwell

SOLD

SOLD

Woodside Road, Woodford Green

Fallow Feilds, Loughton

SOLD

SOLD

Manor Road, Chigwell

Gravel Lane, Chigwell

SOLD

SOLD

Lee Grove, Chigwell

Alderton Hill, Loughton

Specialists in the sale of quality homes

Upper Floor, 165 High Road, Loughton, Essex, IG10 4LF Tel: 020 8418 1890 E-Mail: elite@lawlors.co.uk