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Recent reports from the Halifax indicate further decline in house prices. November saw a 0.1% drop which is indicative of the recent trend property supply outweighing demand, Davis & Gibbs davisandgibbs.com can confirm this trend as we were achieving better prices on in the first half of the year on similar property’s that we are putting under offer now. This trend is making some homeowners reluctant to sell at present which may help the short supply in the lettings sector which is seeing the opposite trends to sales.

Davis and Gibbs www.davisandgibbs.com have continued to see a lot of success in residential lettings over the past weeks with both supply and demand exceeding expectations, we believe this is mainly down to the economic restraints still affecting the housing market. July saw a dip in the sales market and since then house prices have fallen on average by £4091 due to supply out stripping demand. The best advice we can give sellers at this point is to wait for the holiday season to pass and try to sell in the build up to Christmas break (September October November) those sellers still trying to secure a buyer form the start of the year may need to revise their market price due to the new competition.

Davis and Gibbs www.davisandgibbs.com sales department are pleased to announce record levels of sales compilations predicted for August following on from a great under offer in May & June. The sales team are seeing great success with vendors achieving similar prices to that of 2007, house prices have risen since the start of 2010, roughly 15 – 22% in the South of London, however on a national level we saw a slight dip in July with the average price falling from 8.7% - 6.6% (Nationwide Report) leaving the a lot of experts scratching their heads as London is one of the few markets bucking the trends of the recession. Some doom mongers are predicting a dip at the end of the year however demand in the London market appears to be constant with buyer registration levels increasing, the team at Davis & Gibbs thinks this will sustain the market into 2011.

Davis and Gibbs www.davisandgibbs.com are proud to announce the launch of their new website this comes after months of hard work and attention to detail.