Property consultancy see sales surge despite slow market

Fisher German, the property consultancy, has experienced a notable increase in finalised sales throughout its regional portfolio, even in what appears to be a slow-moving market.

Throughout September, October, and November, the team managed the completion of 28 transactions involving countries, land, and properties, totalling £22m in value.

Building on this, the Leicester firm aims to expand its residential agency team in the initial months of 2024.

Thomas Blake, associate partner at Fisher German, said: “ The region has proven to be resilient despite broader economic challenges, and a fresh and successful demographic, along with established markets, is seeking a balance of a country lifestyle whilst still having access to the region’s excellent transport links and urban areas. Our long-built reputation in this area has helped us in this regard and is seeing us win new and repeat business, ready for 2024. We have also experienced growth in our New Homes and Auction departments, a testament to our continued investment in our service offering to clients. Completing property sales in this climate is challenging and our experienced team has done an excellent job of keeping transactions on track.”

“We suspect the forecasts for early 2024 are accurate and that inflation will steadily reduce further, which will hopefully improve confidence and stabilise interest rates. However, it is anticipated that property values will fall further in the New Year, so a realistic approach to strategy will continue to be important. It will also be an election year, potentially later than usual, with the Government under pressure to deliver a generous spring budget, as the Conservatives attempt to win late favour and limit damage. If demand increases as predicted, it will be important for Fisher German to be well-placed to offer consistent service levels into 2024.”