logo Posted: 13th September 2023

Navigating the Housing Market.

There has been considerable media coverage over recent months about declining house prices and the fall in the volume of sales and mortgage approvals.

The summer months are traditionally quiet and with increasing mortgage rates together with the general economic climate it is not surprising that confidence in the housing market has fallen. However, despite the average asking price falling 5.3% from their height in August 2022, it is worth remembering that average asking prices are still 19% higher than they were in August 2019 before the Covid pandemic. Indeed, the residential market is and will aways be cyclical, but it is clearly in a period of readjustment.

For any prospective buyer the fall in prices will of course be welcome with equity rich and cash buyers being in a particularly strong position. Opinions are divided as to whether interest rates will rise once more, there are however signs of improvement in the commercial lending market with greater competition between lenders and more appealing mortgage deals becoming available. It is now acknowledged that mortgage rates will not be returning to their low levels of the past 10 years however it is not anticipated, given the strength of the employment market, that there will be numerous repossessions coming to the market which have been the cause of previous property market crashes.

Pricing is proving sensitive and the key to a successful sale is realistic pricing from the outset. With fewer serious buyers it is important that sellers price competitively for the local market conditions. Indeed, we are still seeing competition between buyers where a realistic asking price is set whilst other sellers who are being too optimistic are receiving little or no interest. This is particularly important where prices may fall further and there is a more seasonal local marke

Moving house is an art rather than a science and there are benefits for buyers of a less frenzied housing market. Indeed, there are now more properties on the market and by keeping in contact with estate agents local to your search area you will ensure that you be kept in mind for new properties coming to the market. Decision making is less pressurised and where you are involved in a chain it is important to focus upon the differences in value rather than the headline figures for a successful transaction.

At Green Lizard we are always ready to assist with your sale or purchase and support you throughout the process.

Don’t just take our
word for it...


Simon sold our property before the details even went to print!  When the first buyers fell through he wasn’t at all fazed … he sold it again within 2 days!  Good communications keeping in touch at all times.  I would recommend him and Green Lizard without hesitation.



Green Lizard were recommended to us by family and friends for the sale of our home and we can see why. From the initial valuation through to completion Simon injected refreshing humour and personality into the process whist always remaining professional. This was our first sale and he was very helpful providing us with info on the sale process and what is and isn’t so normal. A pleasure and have recommended to friends already.



Simon and Michael have sold a house for us and have valued our present one. They have always been a pleasure to speak to and have an infectious enthusiasm for all that they do. Refreshingly different in style with results that speak for themselves. 



Michael and Simon are two of the rarest kinds of estate agents - honest and trustworthy. I have known so many over the years but the service received from them in Wadhurst has been exemplary - both in terms of sales side and purchase they go above and beyond and are absolutely excellent.

How Much is Your Property Worth?

How Much is Your Property Worth?

For many, the first point in their property moving journey, is to understand the value of their current home. We are always ready to arrange a visit and to provide a considered, property specific and individual valuation and to talk through your plans.

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