Better than expected property sales in Wakefield!

Wakefield Express - 6th June 2007

With further interest rate rises, many new properties coming onto the market to beat the first HIPs deadline and truly dismal weather June actually saw better than expected property sales results in Wakefield! 

It would appear that the buoyant Wakefield economy has helped to steer the city through what was expected to be a tough month in June.  It has seen the number of properties sold match the number coming onto the market for sale. 

There remains a fantastic choice of property for sale in the Wakefield area but the market does appear to be very price sensitive with over priced properties remaining for sale for long periods with little interest.  There can be no doubt that properties correctly priced are selling well. 

The housing market may face a little bit more disruption as we approach the first of the new HIPs deadlines on the 1st August for properties with four or more bedrooms requiring a HIP and Energy Efficiency Report. 

However, this is only likely to be disruption on a minor scale. 

David Pank
Sales & Marketing Director
Manning Stainton