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September Insight

15th Sep 2011

September Insight

With the exception of the England Cricket team's superb summer test series victory it has been unremarkable summer. Now, as autumn approach


Mortgage lending now seems to have stabilised, but at what is a very low level historically. The high credit scores and high deposits demanded by the banks are likely to continue for some time, restricting the entry into the property market for many would be first time buyers.


With more public spending cuts to come and continuing economic uncertainty it is likely that the downward pressure on house prices may continue for a while yet depending on location.


With so much negativity around you may wonder how the Manning Stainton sales teams keep so up beat.  The management team at Manning Stainton is headed by two of the most experienced estate agents in the region. Russell Manning and David Pank started their careers in the 1980’s and have woven a path through the peaks and troughs of the housing market cycles.


Experienced may be, but does it turn into results? Seeing Manning Stainton’s bright blue “SOLD” signs as you drive around Leeds and Wakefield gives the clearest evidence available that it does.


In this challenging market Manning Stainton are still selling an average of seven properties each and every day. The key to that success is continuous development with customer service, ensuring that all our managers are NAEA Licensed and innovative our marketing alongside honest and realistic advice.


Realism will be the key factor in future successful sales for our Managers and their Clients in the Autumn period. That said, we expect an active market which will see our seven sales a day rate continue up until the beginning of December