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There is a growing shift taking place in the Bicester property market, and it is not one that can be ignored. While much of the national conversation focuses on house prices and interest rates, a quieter yet more revealing metric is beginning to stand out, how long properties are taking to sell.
When Britain voted to leave the European Union in June 2016, many experts predicted serious problems for the UK housing market. Forecasts warned of falling house prices, reduced buyer confidence and a prolonged slowdown in property transactions. Yet a decade later, the story has been very different.
Young people have been locked out of homeownership. Deposits are impossible to save. Mortgage rules are too strict. And ‘Generation Rent’ is now permanent. According to the narrative by the newspapers, younger generation homeownership has collapsed.
Across the UK and here in Tadley, the property market remains surprisingly active despite the issues at home and abroad. House prices are steady, buyers are still being selective, and the market itself is evolving.
