HIPped Out-large choice of property in for sale in Pudsey!

Pudsey Times - 12th July 2007

Our office in Pudsey saw the anticipated slowdown in June caused by the extremely high level of activity seen in May as people wanting to put their property for sale in Pudsey, Bramley, Rodley, and Farsley ahead of the old Home Information Pack (HIP) deadline of the 1st June, placed their properties on the market with us. 

June saw a dramatic reduction in the number of properties valued and placed on the market.  However buyers of property in the Pudsey area still have a massive choice of properties available to them.

Midsummer Monsoon

The monsoon weather we have experienced in June certainly seems to have added to a mixed up property market with many prospective buyers deciding to delay their property searching until the weather gets a little bit drier.  It was noted that dozens of property viewings were cancelled in June due to the adverse weather conditions.

Higher Interest

The anticipated quarter percent rise in interest rates which was actually announced on the 5th July also had a dampening effect on the property market in June.   However, the economic situation in Leeds is very strong and we believe that the disruption caused by the first HIPs deadline, the prospect of another interest rate rise and monsoon weather conditions have all conspired to destabilise the Pudsey property market in June. 

It certainly looks like being an interesting summer as we approach our second HIPs deadline on the 1st August (for properties with four or more bedrooms).

However, July has seen a very lively start with 12 sales in the first 5 days!

David Pank
Sales & Marketing Director
Manning Stainton