The market is going nuts | Impression Real Estate
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The market is going nuts

Posted by Impression on 07, Oct 2014

We were busy before the election, but the last couple of weeks we have been run off our  feet with buyer enquiry.

 

Perhaps the election was holding some people back – with the fear of capital gains tax it seems that most investors are more comfortable with the status quo than the unknown of the alternative. We were busy before the election, but the last couple of weeks we have been run off our  feet with buyer enquiry.

We provided 41 property owners with market appraisals last month and listed 18 properties so it looks like we are set for a busy spring/summer.

One factor in the strong market is that more and more buyers are looking for apartments to live in, and this will in the long run create a shortage of rental property in the city. This may mean that rental prices will start to increase.

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