Shropshire housing market 'sturdy', says director

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A Shropshire property expert says he is seeing a 'sturdy market' locally at present.

According to Rightmove, asking prices for homes tumbled in the biggest August fall since 2018 this month as soaring mortgage costs put buyers under pressure.

But Russell Griffin, Director, of Samuel Wood in Shropshire, said: “There are statistics and then there is the truth. "The Twenty CI national residential market report is reporting an improvement of 12.8 per cent in agreed sales in our region in quarter two over quarter one."I receive information almost daily suggesting all sorts of contrary trends, and market patterns.

"Everyone accepts that the frenzy created by the unprecedented “race for space” during and after Covid has changed in recent months, particularly with the increase in interest rates.

 

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