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The nine months of the year have proved to be something of a stark
contrast with the first four months producing high levels of activity
in terms of viewings etc but little in the way of firm offers, as prospective
purchasers proved reluctant to commit in the light of world events and
uncertainty.
The early summer then saw the market bounce back with more normal conditions
prevailing and even August proving to be remarkably resilient for a traditional
holiday month.
The autumn has seen the market continue on an even keel, with little
change in the balance of supply and demand and we would expect conditions
to remain broadly similar during the remainder of the year.
Continuing speculation about the future direction of property prices
and interest rates does cause uncertainty for some prospective purchasers,
although we ourselves would expect to see values in the Oxford area
increase by anything up to 5% over the next 12 months.
We are always pleased to advise potential clients more specifically
with regard to their particular properties, even though it may be some
months or even years before they anticipate a possible move, and all
such advice is given without charge or obligation.