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27Sep

CLick the following link to read our latest report on the property market:

https://pageturner.guildproperty.co.uk/guildreportnorthwestautumn2021#1

 

21Sep

IMPORTNANT NOTICE FOR THE PERIOD
21st September to 24th September 2021:
TO IMPROVE OUR SYSTEMS & SERVICE WE DELIVER TO YOU, WE ARE UPGRADING OUR SERVERS AND PCS - THERE WILL BE DISRUPTION AND POSSIBLE DELAYS TO OUR EMAIL COMMUNICATION AND INTERNET ACCESS FOR THIS UPGRADE PERIOD.
ANYTHING URGENT PLEASE TELEPHONE YOUR LOCAL OFFICE
THANK YOU.
COVID-19 (last update 21st Sept 2021)
Our offices are remain open to limited numbers of people at any time. Face masks are required to enter.
Office Contact information:
#Holyhead 01407760500
#Llangefni 01248751000
#Bangor 01248355333
#Caernarfon 01286677775
#Auctions 01248753939
NOTE: Our Holyhead & Llangefni Principality agency will be open 10am until 1pm Monday to Friday.
The Team at Williams & Goodwin

06Aug

We are looking for people who are interested in property, who will have a desire to help people move and find a home.

 

Opportunities now in our sales & lettings departments on #Anglesey and in #Gwynedd.

 

Local Offices at #Holyhead #Llangefni #Bangor & #Caernarfon.

 

Please write with CV to hq@tppuk.com

 

#property #people #realestate #hiring #job #recruiting #careers #newjob

29Jul

HOUSE PRICES - WHAT'S THE LATEST NEWS......
 
The average price of a residential property in the UK has dropped slightly as the stamp duty holiday has “taken some of the heat out” of the UK housing market, according to the Nationwide Building Society.
 
The Nationwide building society said house prices fell marginally in July compared with June, but were still 10.5% higher year-on-year. The mortgage lender said the average price of a home cost £244,229 in July, down 0.5% month-on-month.
 
Nationwide’s chief economist, Robert Gardner, said: “The modest fall-back in July was unsurprising given the significant gains recorded in recent months. Indeed, house prices increased by an average of 1.6% a month over the April to June period – more than six times the average monthly gain recorded in the five years before the pandemic.
 
“The tapering of stamp duty relief in England is also likely to have taken some of the heat out of the market.”
 
Despite the dip in property price growth, Nationwide said that the market UK-wide generally remained “solid” thanks to record low interest rates on mortgages and low supply of new homes.
 
While property price growth slowed, there was no sign of a serious slowdown due to the winding down of the stamp duty holiday, according to Iain McKenzie, CEO of The Guild of Property Professionals.
 
He said: “Demand is still strong and, while there has been a slight adjustment in some areas, house prices are still way above the average figures we’ve seen in recent years.
 
“It’s going to be interesting to see how the demand for properties changes as we come into the autumn. This will give us the opportunity to evaluate just how successful the stamp duty holiday has been at keeping the property market buoyant since the start of the pandemic.”
 
 
For the latest intel on the #local #property #market contact the independent agent selected as the best in Gwynedd & Anglesey by The Guild of Property Professionals - #williamsgoodwin

08Jun

Welcome to the latest 2021 Property Market Comment:

 

Certainly, this year has seen more intense activity than many new people to the industry can remember.  However, when we speak about the property market, booms, etc, it’s important to remember that there are two elements to consider. 

 

On the one hand, you have price movements, and on the other, transaction volumes. In other words, what prices are being achieved, and how frequently?  It is the balance between these two that powers the market.

 

This year, we say the property market is strong – and indeed it is, meaning that we’re regularly achieving higher than expected prices. If a property comes to market, it is usually able to attract a buyer who’ll pay the asking price (and sometimes above asking price) very quickly. Sometimes, we’re even able to sell properties to pre-qualified buyers before the property is listed on the internet and some transactions are going to sealed bids or auction.

 

2021 is a year like no other. Although the economy shrank by 1.5% in the first quarter of the year, it grew by 2.1% in the last month of that quarter. While hikes in property prices are a delight to some, they also cause concern to others.

 

Certainly, the property sector is now rapidly moving from cautious optimism to outright confidence.  The combination of the release of pent- up demand following years of Brexit confusion, and then a year of lockdown, along with the Land Transaction Tax (Stamp duty) concession and a surprisingly positive economic outlook all point to one thing – a substantial increase in demand for property, prompting ever - higher prices (so far over 6% this year according to the Nationwide Building Society).  

 

But where do these buyers come from? You might expect that, apart from first time buyers, who make up approximately 20% of the market, mostly at the lower end, anyone looking to buy would also be expecting to sell, and the market should be therefore “in balance”. 

 

The problem is, because so many properties are selling before they never even made it to a website, people’s perception is that there is nothing available to buy. So whilst they themselves keep looking, they don’t put their own on the market because they are worried they would sell before having found somewhere else to buy - classic chicken & egg situation. This is one of the reasons why there are reports of there being 6 buyers chasing every property. 

 

No wonder prices are rising. But the market only has itself to blame for this. Sellers inevitably decide who buys, and at what price they are prepared to sell for - If you are trading up in a rising market, it’s even more important that you act quickly. This is because if your £200,000 sale increases in value by say 10%, and your £275,000 purchase has also increased by 10%, then you’d have a £7,500 shortfall. So we say, have confidence - if it’s time to move on and more people put their property on the market, this in itself will help ease the pressure.

 

If you are looking to move, do put your own property on the market as soon as you can. This will not only give you time to get the legal ball rolling with your conveyancing but, in a highly competitive market, you’ll be regarded as a red - hot buyer by estate agents, putting you in pole position to be offered those properties first!  There’s probably been no better time to take advantage of the current market than right now!

 

From the team here at Williams & Goodwin may we extend our best wishes for a safe, healthy and Happy Summer Property Market! 

 

#Llangefni 01248751000

#Bangor 01248355333

#Holyhead 01407760500

#Caernarfon 01286677775

#Lettings 01248724040

#Auctions 01248753939

 

©Copyright 2021 Williams & Goodwin The Property People Ltd. 

Who We Are

Williams & Goodwin The Property People are members of the Guild of Property Professionals, National Association of Estate Agents, Association of Residential Lettings Agents, National Association of Valuers and Auctioneers and are Chartered Valuation Surveyors we are members of a National Network of approximately 800 independently owned and operated Estate Agents.

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