Market Thoughts – Playing the Ball

Phillip Bishop from Perry Bishop and Chambers looks at the property market as we approach the relaxation of the lockdown restrictions.

In sport, we play the ball, not the player. The same sort of thing goes for our homes. It is best to play the property, not the market.

When we are back in the post-lockdown world, the press and various industry pundits will comment on the property market. Some will say that property prices will fall. Some will say there won’t be enough buyers or sellers. Some will try and talk the market up, and some will talk the market down.

The commentators will make the property market sound like the stock market. But the truth is, no one can be clear what the market will be like in the months ahead – none of us has been here before. And in any case, for most people, property is more about living than investing.

That is why home sellers and buyers shouldn’t try and overthink this market as a whole but focus instead on what is right for them. Then they should find the property that will suit them best in the future.

Some people will need space for working from home. Some will require proximity to family, friends, and a network of kindly and like-minded neighbours. Some will have re-evaluated what is really important in their lives: they might need to change their space, or amenities or location. When this happens, Perry Bishop and Chambers will be there to offer sage advice and practical help.

We fully understand the financial importance of buying and selling property. But we also understand that first and foremost moving is about what will suit individuals best for their particular lives. So, we will recommend that first you play the property before you play the market.