Well, with the election just on the horizon, understanding the impact of the outcome will be crucial for any landlord and property owner.
This month’s event will take place on the 17th of July, starting at 6:30 and hoping to wrap up by 8pm.
At this conference, we have three incredible speakers lined up for the evening.
Tim Thomas – Propertymark’s Policy & Campaigns Officer, a role in which he regularly digests new legislation, liaises with government departments and attends government and industry working groups. Tim will share his insights into what the newly elected government has in store for the housing sector.
Jacqui Swann & Shaz Sarfraz – Is your tenancy watertight? Do you have every safety certificate? Have you served every mandatory document? If you’re not sure, you could have missed something important that will pose problems further down the line. In this session, Shaz Sarfraz and Jacqui Swann from Battens Solicitors will explain how to ensure you are not at risk of fines or failed notices.
Toby Martin – our very own Bath lettings expert will be presenting an up-to-the-minute summary of the local lettings market, along with some simple tips for landlords to ensure a successful tenancy
How do we navigate, what some people are calling, a potential ‘Starmer Surge’ following the general election?
Despite the anticipation and the ever-continuing speculations around this year’s election, the impact on the property market has been negligible.
Trends in the market, buyer interest, and property values have remained steady, showing no significant fluctuations. So given the political uncertainty, it suggests that factors that affect the property landscape are more economical than political, such as interest rates, demand and supply.
Homeowners in Bath and beyond have maintained their focus on these core elements and have demonstrated resilience to such economic turmoil. So, as political commentators predict a Starmer-led Labour ‘super majority’, could we see another ‘Boris bounce’ in the post-election months like we saw in early 2020?
IF WE DO…WHAT DO WE CALL IT? A ‘STARMER SURGE’?
Before we jump the gun, let’s look at why there are bigger fish to fry irrespective of who wins the election:
Homeowners looking to sell their properties will encounter increased competition. Starmer surge or not, as more homes continue to be listed for sale, the significant rise in mortgage rates has significantly impacted buyers’ incomes and their affordability to buy homes. This has led to a shift in demand. It has also caused price corrections in buoyant regions, especially in the south.
AVOIDING THE OVERPRICING TRAP:
In the initial wake of any election outcome, we will likely see larger estate agents offering overinflated valuations to homeowners, only to suggest a price reduction months later. Larger agencies can afford to do this, but small agencies rely on consistent sales and thus tend to offer more realistic prices the first time of offering.
We have played witness to numerous Bath homeowners being advised to place their properties on the market at elevated prices after significant economic and political shifts. Over time, with few viewings and no genuine offers, they are reducing the asking price. Many homeowners, led with the prospect of achieving more for their property, end up missing out on desired homes. Many may think they are immune to such tactics, but the higher valuation is often very tempting.
It is natural to want to price your home ambitiously. While pricing your property with a high price tag is totally understandable, refusing to adjust the asking price after a few weeks of little to no interest can be a costly error. An overpriced home can stagnate, leading to potential buyers suspecting something is wrong with the property.
A lack of early interest and viewings should be seen as a clear sign that you need to reconsider the asking price. Being responsive and proactive is crucial if there are no serious inquiries or offers within the first few weeks. By doing so, Bath homeowners can avoid the traps of a stale listing and increase their chances of a successful sale and move.
THE CURRENT UK AND BATH PROPERTYMARKET LANDSCAPE:
If one compares the number of UK homes sold year to date (YTD) in 2024 (459,682), we can see it is 11.3% higher than the net sales of 2023, yet we are 22.9% lower than the YTD figure in 2021. However, if we look at the number of UK homes for sale today then there are around 694,000 homes for sale compared to 481,000 homes for sale in May 2021. Now, let’s delve deeper into the stats for specifically the Bath region.
So, linking back to what we have said previously, why is pricing your home right the first time so important? Well, only 51.9% of properties that have left the market since the start of the year have sold to completion. The other 48.1% of properties left the market unsold. So, you can see that by having an almost 50-50 chance of selling, you need to make sure your prices are realistic and that you are getting a great agent to market.
RE-THINKING THE SELLING STRATEGY:
The Bath property market tends to shift collectively. The market remains manageable as long as the homeowners aren’t facing financial losses and can manage an upgrade. Many assume continuous gains when selling their home, but real profit only materializes when one parts with your final property. Once a property is put on the market it is crucial to focus on the online and offline marketing journey. The initial four weeks provide insights into whether the property is priced correctly, gauged by the number of web views on portals, actual viewings and offers received. One strategy employed by some Bath homeowners is to price their home at a slightly lower price to spark more interest and drive up offers.
Boutique agents, such as ours, can offer you a more authentic experience and a realistic valuation in a challenging and ever-fluctuating market.
SWITCHING AGENTS OR GOING ONLINE?
In a slow property market, patience can wear thin. If considering switching agents, sellers should evaluate the current agents’ efforts and communication frequency. Multi-agency agreements can be another option, although these are becoming less popular due to the higher fees often associated.
Online agencies could be another option. However, their one-size-fits-all approach can fail to capture the nuances of individual properties, making them a less effective option in slower markets.
FINAL THOUGHTS:
The current property market is a complex beast. ‘Surge or no surge’ it is all about maintaining a realistic asking price. The freeze on the BoE base rates is a welcome pause. While it won’t create a frenzy like the stamp-duty holiday of 2020, any possible drop in the summer or early autumn will be a welcome respite. With the right strategies and awareness, Bath home sellers can effectively navigate these waters and ensure their property finds the right buyer at the right price.
If you are interested in selling or buying a property, then don’t hesitate to get in touch with the team. Contact information can be found at the top of the page.
The UK property market saw significant shifts during the pandemic. Many people during and after the pandemic, having spent many months staring at the 4 walls of their homes, that it wasn’t up to standard and no longer met their needs or desires. Due to this many people decided to move and find a place that at the time, they thought would be a great choice for them. However, four years later, many who moved are beginning to realise this move may have just been an impulsive decision due to being locked up in their homes and are now realising that their new lives may not be all that they wanted. Obviously, this is not the only reason for the sudden and dramatic shortening in the time of people living in their houses, but it is certainly a big reason. This article will investigate why many are selling so soon after buying and the reasons why.
THE POST LOCKDOWN BUYING FRENZY:
After the first lockdown in spring 2020, remote working became the norm for many people in most industries. This change not only brought about a re-evaluation for most people about their living situation, but the knock-on effect brought unprecedented changes to the property market.
People were filled with the desire to attain more indoor and outdoor space. This desire drove a huge surge in property purchases, particularly in suburban and rural areas. Buyers were eager to escape the confines of inner-city life and wanted to seek more spacious and comfortable homes. What drove this boom, even more, was the ‘stamp-duty holiday’, favorable economic conditions and low interest rates. Buying property was more attractive than ever, and many people ended up taking advantage.
HOW OFTEN TO PEOPLE MOVE HOME?
Traditionally, homeowners in the UK tend to stay in their homes for a long period of time. There are 17,693,200 owner-occupied homes in the UK. In 2023, a total of 1.02 million homes were sold. This figure includes 231,000 new homes, which means 790,500 of these sales were to existing homes. This is a notable statistic as it means only 4.48% moved home in this period, implying that on average homeowners move every 22 years.
With this information in mind, one would expect to see the number of homeowners looking to move so soon after buying relatively small. Therefore, we decided to analyse the properties for sale in Batha and see if the statistics match these anecdotal suggestions.
There are 807 properties available for sale in the Bath area.
The breakdown of these properties is as follows:
Detached houses: 21
Semi-detached: 6
Terraced: 35
Apartments: 17
Bungalows: 5
Out of these 807 properties, 84 of these were purchased in the pandemic years of 2020/21. So why are 10.4% (8.2% across the UK) of bath owners looking to sell so soon after buying?
WHY ARE PEOPLE SELLING SO SOON?
There are a few factors we are noticing which are contributing to this trend. They are as follows:
Overestimating the appeal of suburban/rural living: During the pandemic, the idea of moving to a more peaceful setting such as the Mendips, Cotswold’s or suburban Bath may have seemed, at the time, idyllic. However, the reality of rural and suburban life is hitting the ex-city folk harder than they perhaps thought they would. Longer commutes to work, fewer close amenities, and a vastly different pace of life have meant the rural dream has not lived up to the expectations many had.
Changes in work arrangements: Whilst remote working was a widely adopted practice during the early days of the pandemic and remained the same for many companies for a few years now, many companies are beginning to call employees back to the office be it full or part-time. This arrangement is making it difficult for those who moved far from the office to remote areas to commute once or twice a week, and it is encouraging owners to move back closer to their place of work
Economic pressures: the financial landscape has also changed since the height of the pandemic. Rising interest rates are making homeownership less affordable and leading them to sell up sooner than planned.
Market opportunities: The current property market might allow Bath homeowners to make a profit. With Bath property values increasing over the past few years, some owners might be looking to capitalize on this and sell their homes at a higher price.
IMPLICATIONS FOR THE BATH PROPERTY MARKET:
These post-pandemic realisations for homeowners are more than likely going to be causing a significant increase in the number of properties coming to market over the next couple of years. We are already seeing higher-than-average numbers of homes for sale since 2017. Between 2017 and 2019 the average number of homes for sale year on year in May was 632,132. In May 2024 alone, we saw 694,281 homes for sale.
This increase in the supply of homes for sale means Bath home sellers need to be realistic with their asking prices as competition is greater.
To back up the idea that realistic pricing is vital if you want to move home. Only 53 out of every 100 properties leaving the UK estate agents’ books since Jan 2024 have been sold through to competition. The other remaining 47% have come off the market unsold.
Moreover, this trend could signal a shift in how people view homeownership post-pandemic. The rush to buy during the pandemic might have been more about the impulsive immediate needs and wants during those days cooped up in the house round the clock. However, as the world continues to return to normality, people’s housing preferences and requirements have evolved again and will likely have changed since those days four years ago. This is leading to dynamic movements in the property market.
CONCLUDING THOUGHTS:
The trend of pandemic-era homebuyers in Bath putting their properties back on the market is highlighting the fluid nature of the current property. Whilst individual reasons for selling are varied and complex, the market is widely reflecting a broader change in how we live and work. As the market continues to adjust to post-pandemic realities, buyers and sellers in Bath must stay informed and able to adapt to be able to navigate these changes successfully. So, if you want to keep informed then be sure to follow us across our social media channels.
Trying to understand the complexities of the UK property market can bring about a headache to even the most educated of professionals. The property market in this country is characterized by a complex myriad of factors. One of these most crucial factors is the measure of price per square foot (£/sq.ft) This allows us to have a standardized level of measure and enables us to compare across different regions.
NATIONAL TRENDS:
Across the UK, property prices have been seeing vast fluctuations over the last three decades. Rather than comparing nominal headline price, the £/sq.ft measure is a valuable alternate indicator to measure these changes. On average in the UK, Q2 of 2024 saw properties have a value of £343/sq.ft. This is up from Q1 of 2023 where the avg. price was at £328/sq.ft. A rise of 4.61%.
As expected, the area with the highest £/sq.ft was the W1 area of London (Mayfair, Marylebone, Fitzrovia and Soho), which sat in the lofty heights of £1,187/sq.ft. Conversely, the rural north saw the lowest figure. Shildon in country Durham (DL4) was £77/sq.ft, a world away from that of W1.
The variable dynamics of the UK market are reflected in these figures. Economic conditions, governmental policies, demographic shifts, and supply and demand levels have all contributed to these varying figures.
THE SOUTH-WEST:
Moving focus closer to home for us here in the southwest of the country. On average the South West homes sold in Q2 of 2024 saw a £/sq.ft of £357/sq.ft. This is up 1.13% when compared to Q1 of 2023 (£353/sq.ft).
So, increasing at a more moderate pace compared to the rest of the country. Here in the SW we have seen significant investment in infrastructure and development projects. This has been bolstering its property market prospects. This side of the country also benefits from enhanced appeal due to strong transportation links to major cities, via major motorways, rail connections and bus routes.
BATH:
Now we are really close to home. The average £/sq.ft in homes sold in the BA1/2 area in the second quarter of 2024 was £480/sq.ft.
This is up from £472/sq.ft in Q1 of 2023. A slight rise of 1.69%.
The presence of reputable schools, a vibrant community, a balance of urban amenities and a suburban lifestyle along with the beauty this city holds, are playing a significant role in this figure and enhance its appeal to homeowners and landlords alike.
THE IMPORTANCE OF THE £/sq.ft FIGURE:
The £/sq.ft figure is not just a statistic; it is a crucial indicator of the property market’s health and trends. In a previous analysis, it was highlighted that this metric offers a more immediate reflection of the market compared to traditional indices such as the Land Registry or Nationwide House Price Index. These traditional indices lag six to nine months behind due to the time it takes to complete sales and register transactions.
This lag time from other measures allows us to see real-time tracking and gain insight several months ahead of other reports. Therefore, by following the trends of this figure in particular, we can judge the initial trends of the property market and gives an advantage when looking into the property market here in Bath.
If you would like more information about the Bath property market and where it sits both regionally and nationally, then please do follow us on social media, where we post lots of information which will help and guide you on your property journey in the city, along with all our listings and housing updates.
If you are involved any way in the property landscape in the UK and beyond, then your social media will likely have shown you that this year’s Propertymark One took place a week ago. If you missed that news then yes, the annual conference led by the property sectors professional body, Propertymark, was held on the 14th of June at the London ExCeL and gave us industry professionals a days insight into the changes the property world may see in the next 12 months. Alongside this we also got presented with new ideas around how we as professionals should be utilising our social platforms. This blog will give you a look into the day we had and our key takeaways from this event going forward.
The General Election –
Well it’s nearly here, you can almost touch those 2024 general election ballot papers. Last month, Rishi Sunak called a sudden general election following a positive start to the year for his party. In his announcement speech, he said the economy was growing faster than any other country in the G7, and his government had begun to reduce inflation in the country. However, as is customary, the opposition is keen to point out that it is more likely he called the election as the economy is stalling.
Either way, the general election is nearly upon us and the country is more than likely to see a new party come into power, most likely Labour if recent polls are to be believed. So what did the experts at this year’s Propertymark One have to say following the sudden news?
Well, the overarching opinion is that in the next couple of weeks, we are likely to see a slowdown in the property market’s cogs, a property pause if you will. People are most likely to stay put and wait to find out what the new leadership party may do to affect parts of our income streams, such as stamp duty, and other taxes before they make a move toward moving home. If stamp duty is reduced, or even as some manifestos are suggesting, get abolished entirely for young people and first-time buyers, then we may see a sudden influx of house buying. Either way, the election will bring about change and it is also more than likely that we will see a spike in the housing market (potentially an 18% increase in the first 4 weeks after the election based on past data) after the election if past trends are to continue, and inflation continues to fall.
The Importance of being a Propertymark Member –
Propertymark is the professional body for the property sector and continues to equip member businesses and individuals with all the necessary tools, training and qualifications for all sectors and staff. Nationally recognised, Propertymark allows agents to display their level of CPD (continued professional development) and the professional standards they adhere to.
This year’s PMOne continued to reiterate that being a PM (Propertymark) member is not only important for showcasing your level of professionalism in the industry but also the benefits of being a PM member. With a new level of qualifications, new benefits for members and the introduction of the company membership, it is an exciting time to be a member. So, as the market and the industry is due to see significant changes in the coming months, it is reassuring for our clients to know that we are Propertymark protected and are keeping up with the latest industry changes.
Marketing as an Agency –
In the past marketing as an agency involved just creating some form of content showcasing your listings and maybe a new team member if you were so lucky and creative. However, in recent times this has changed. People are more interested than ever in doing business with people they feel they already know when they want to bring their house to market or find a place to rent.
There was a big emphasis this year on agencies marketing themselves differently. Instead of just showing off the latest and greatest home you may have coming to market and boasting the price it is on the market for, we should be getting our faces in front of the camera, giving people a voice and person to engage with and then do more than just show off the property. People want to hear about the story behind the house and the rooms inside, the land surrounding, and all that good house stuff.
Most importantly, it was advised that agencies should be doing more than a whistle-stop tour of a home on their social platforms. They should be advertising their expertise and knowledge of the local area they cover, showing the latest news in the property landscape, going out locally and showing off the people in their company, going out and about in the neighbourhoods, showcasing local places people may want to visit or be interested in if they are re-locating and are new to town. The idea is that agencies should not only be a place people come to for their home, but for advice about the place they call home.
All of this effort is in the pursuit of making your agency stand out from the crowd, while at the event we were asked to sit down if we didn’t post certain things on social media, and by the end, in a room full of around 50 people, just 3 were left standing. Again, agencies need to become a place people can go to not only for a home but for advice on the local area or an issue they’re having in their property and know your agency is a place where they can step into for the first time, but feel like they are already friendly with you and have made a connection.
This effort is also made to create a trail of breadcrumbs that may lead to future business. For example, if someone is looking to relocate to the city and previously saw a video of your agencies showcasing the beauty of the city you are in, then they may be enticed to get in contact with you first over the other competing agents in town. Alongside this, they may also see some content of yours regarding the local amenities in the city and then trust that you know the city well, leading to a sense of trust, and then contact you regarding a sale of a house. The more listings and people you make an impression on, the more people are likely to recommend you and word of mouth will spread. Leaving these breadcrumb trails back to your agency across various channels is crucial to success in the digital age.
Rounding-Off –
Overall then, the key takeaways from this article are:
Be prepared: There is more than likely to be a flurry of activity after the election. Be prepared for any outcome. Make sure your team know and is made aware of any legislative changes that may be put into effect over the coming months.
Propertymark Membership: This is continuing to be an amazing asset to any team of any size. Individual or Company membership is available and will not only boost credibility as an agent but come with some amazing perks too.
Social Media is Power: The modern era of property agency is upon us. AI assistance will be here before we know it and social media will likely become the leading influence in the next generation choosing an agency when renting or buying a home, based on their connection with the people in the company and the brand they are presented with online. An online presence is so important and you must take the steps now to cement yourself in your local area and get that extra yard on the competition.
So, if you want to get connected with us and see what we are doing on social media, then please go and follow us on all platforms, and as ever, if you want to come and say hi you can find our contact details at the top right of the page.
Well, what an insightful day the team here at RESIDE had during the trip to London to attend this year’s Propertymark One.
For those who do not know, Propertymark is the leading membership body in the UK for all property agents, big or small, sales or lettings. They provide us with professional credibility and help businesses in the sector be equipped with the tools and training needed to tackle all the hurdles we face and provide us with the ability to grow our professional knowledge, allowing us to gain valuable and nationally recognised qualifications within the industry so you can trust us with your homes.
Since its inception last year, Propertymark One was back again to gather many familiar and influential speakers within the industry to provide us all with their valuable insight into the market over the coming months. With an election on the horizon, we were told all about how this is looking to shape the market over the next 6 months and what this means for us all.
Alongside some incredible talks on the main stage, there were also a host of ‘breakout’ rooms throughout the day which delved further into the nuances of the industry, and focussed on topics the speakers specialised in. Talks here included the way that AI may be changing the way we in the property landscape do business in the future, the benefits of marketing not only our properties but our personalities and knowledge of the market and showcasing industry insights, and the way we brand our business to stand out and be ahead of competitors.
One of these sessions was co-hosted by our very own GM, Toby Martin. Toby and his band of property marketing pros gave us all a valuable look at what it takes to become a ‘marketing superhero’, and gave an amazing insight into the reasons why we as property experts, shouldn’t be all sell sell sell when it comes to social media and our online presence, but become more tell tell tell. Tell the potential landlord or home buyer why we should be the ones they chose to come to through telling our audience about the trends in the market and becoming a place people come to for knowledge within the market. Tell everyone who we are as individuals. People buy from people and we want people to feel they can approach us, know us and trust us before they’ve even stepped foot into our office.
The whole team here are bursting with excitement at being within this market over the coming months. This year’s Propertymark One was a great day, and we can’t wait to be back next year. With the general election brewing and almost upon us, with potentially a new party coming in for the first time in 14 years, the market is due to see some new, and hopefully welcome, changes. We look forward to sharing all this with you as we find out more.
(p.s. We got to see location, location, locations’ one and only Phil Spencer in person!)
If you want to list your rental property with us, find a new place to rent, or begin searching for your new home to buy, then get in touch with our team. All details can be found in the ‘contact’ tab above. We can’t wait to hear from you.
Across the UK the property market has met significant challenges over the past 18 months and yet in its wake has displayed a strong resilience to its forces. Many analysts predicted back in the autumn of 2022 that the country would see a dramatic downturn in house prices driven by economic uncertainty, cost of living crisis, and ever-increasing mortgage rates.
However, contrary to the dire forecasts predicted many months ago, the prices of houses across the country have remained relatively stable. This article will dive into the reasons behind this unforeseen occurrence and provide valuable insight for both homeowners and landlords alike.
ECONOMIC PREDICTION VS REALITY:
Liz Truss vs the lettuce…who remembers that? Well during her time in office, she and the treasurer at the time, Kwasi Kwarteng, produced their highly controversial ‘mini-budget’. Following this, there were widespread predictions that there would be a dramatic fall in house prices and some forecasts even predicted that we would see a decline of 20-35%. Yet, these never materialised. The decrease has been instead modest, with land registry figures showing about a 3.12% decline over the previous 18 months.
If we look at the past 12 months, British house prices have increased a measly 0.89%, when compared to this time in 2023. So, why were the forecasts so inaccurate?
IMPROVED LENDING PRACTICES:
During previous economic downturns, people have often cited banks’ poor lending standards. However, changes to mortgage regulations require banks to ensure borrowers can afford their monthly repayments, even if rates increase significantly.
This precaution has provided a substantial buffer for homeowners, enabling them to cope with the rising rates.
For example, in 2007 shortly before the global financial crisis, many borrowers did not need to prove their income to their banks. The 2014 MMR changes addressed this issue, ensuring that lending was based on sound financial footing. Consequently, many homeowners could still afford their mortgage when rates increased recently.
EMPLOYMENT & WAGE GROWTH:
Another crucial element has been the relatively stable employment situation. Although the UK experienced a brief recession over the winter, unemployment rates have remained low at 4.3%. For comparison, the unemployment rate during the 08/09 financial crisis was at 8.5%. Moreover, the average wages (inc. bonuses) have increased by 5.7% over the past year, reaching their record high at an average of £682 a week.
The combination of low unemployment and increased wage rates has led to fewer homeowners being forced to sell their homes due to financial difficulties. Banks have also been proactive and provided those with financial difficulties solutions to these problems with interest-only payments and extended mortgage terms to help them manage their repayments.
SUPPLY AND DEMAND DYNAMICS:
The impact of economic challenges on the property market has been more evident in transaction volumes than in prices. Typically, there are about 1.16 million house sale completions annually in the UK. However, during the ‘race for space’ seen at the back end of the COVID lockdowns, this number surged to 1.48 million. It then dropped back down to 1.26 million in 2022 and further to 1.02 million in 2023.
So, while demand has decreased because of higher mortgage costs, supply has also been reduced because of potential sellers choosing to wait for better market conditions.
On a final note, on this subject. There was in fact an increase in net house sales in the first 5 months of this year when compared to house sales in the first 5 months of 2023. However, there was only a 9.9% rise in new homes coming to the market.
FIRST-TIME BUYERS AND THE RENTAL MARKET:
Arguably the ones affected by the rising mortgage rates the most are first-time buyers. Typically, this is due to the larger amount they have to borrow in proportion to the home value. Despite this, they have been more active in the market than expected. This has likely been influenced by the rapidly rising rental costs. This rent increase has motivated many to purchase homes, often with financial help from families.
On that subject, data from the English Housing Survey revealed that 11 out of 30 first-time buyers received financial gifts from their families in the past year, up from 8 out of 30 in 2022. This support has played a vital role in the continued activity in the housing market.
THE BATH PROPERTY MARKET:
So, locally, how is this all affecting the market?
Looking at the monthly exchange of contracts data, the average price paid from may 2019 to April 2020 for a home in Bath (BA1/2) was £497,595.
In comparison, the average price paid between June 2023 and May 2024 has been £575,385. This is a rise in prices of 15.6%.
Now, it is important to stress that Bath home prices have not risen by 15.6%, only the average price paid between the two 12-month periods.
OUTLOOK FOR HOUSE PRICES:
Eighteen months ago, economists almost unanimously predicted a decline in house prices. Now, many forecasters are predicting growth. Estimates vary. Some are predicting an increase of around 4%, while others are suggesting a lower 3% rise. However, stretched affordability is also leading some to predict a flat market over the coming months.
What we can take away is the resilience and impressive ability to weather economic storms in the UK market. Partly thanks to sound lending practices, but also due to stable employment levels, rising wages and family support. While the volumes of sales have decreased from the hefty days seen in 2021, house prices have remained more stable than many predicted.
If there is concern about how the upcoming election may affect the market then do not fret. It is our belief that it will hardly have any effect on the medium-term direction of the property market (On the assumption none of the parties have any creative ‘wacky’ plans in their policies which are not yet published at the time of writing.)
So, as we enter the second half of the year, the property markets resilience will continue to be tested, but foundations laid over recent years are providing a solid structure for the navigation of any future challenges.
Celebrating New Beginnings: Reside Bath Launches Property Sales Service
On the sunny evening of June 6, 2024, our Reside Bath office in central Bath buzzed with excitement and celebration. We were thrilled to host a delightful fizz and nibbles event to mark the launch of our brand-new property sales service. It was a wonderful gathering, attended by our cherished clients, supportive friends, local businesses, and charitable organizations.
As many of you know, Reside has proudly managed and let residential homes in Bath for years. Our excellent customer service, highlighted by our 250 Google reviews and a stellar 4.9 rating, speaks volumes about our commitment to our clients. We are now excited to extend this dedication to helping you sell your homes, bringing our personal and friendly approach to the property sales market.
Ben Bower, our Managing Director, expressed his enthusiasm, saying, “We are incredibly excited to embark on this new journey of selling homes. It’s a natural extension of what we do best – offering personalized, top-notch service to our community.”
Toby Martin, our General Manager, echoed this sentiment: “Launching the property sales service feels like a significant milestone for Reside. We’ve built strong relationships in Bath, and we can’t wait to help even more people find their perfect home.”
The launch event was a splendid success, filled with lively conversations and a shared sense of anticipation for what’s to come. Our guests enjoyed the relaxed atmosphere, and we were delighted to see such a positive response to our new venture.
At Reside Bath, our roots run deep in the local community, and this new chapter is a testament to our ongoing commitment to Bath and its residents. We believe in making every step of the property journey seamless and enjoyable, whether you’re letting, managing, or now selling your home.
Are you considering selling your home? We’d love to discuss how our new sales service can meet your needs. Get in touch with us today to see how we can help make your property dreams a reality.
Thank you for your continued support. Here’s to new beginnings with Reside Bath!
Feel free to contact us:
Phone: 01225 445 777
Email: info@localhost
to learn more about our new property sales service. We look forward to working with you!
With an election just announced, the latest trends in and the summer holidays fast approaching…Toby is here to catch everyone up with the most recent trends from the rental market here in Bath!
As always, the YouTube video is below. Let us know what your thoughts are in the comments. Until next month folks!
