September 2023 - Andrew Scott Robertson

Archive for September, 2023

A quick look at the latest RICS UK Residential Market Survey (August 2023)

Posted September 26, 2023 by Lea Bailey

Every month the Royal Institution of Chartered Surveyors (RICS) releases its UK Residential Market Survey, shedding light on the current state of the housing market across the UK.

This blog post is brought to you by our Chairman & Managing Director, John King, FRICS, who offers valuable insights from his experience here at andrew scott robertson in Wimbledon Village. He actively contributes his comments to the monthly survey for the London region.

Key outtakes from the full RICS Residential Market survey for August;

Mortgage rates putting pressure on house prices
House prices are facing downward pressure, and it’s evident that high mortgage rates play a significant role in this situation. For potential buyers, the cost of borrowing is becoming a significant factor in their purchasing decisions. The relatively high mortgage rates are creating challenges in affordability, especially in areas where prices had surged during the pandemic.

Tenant demand outweighs supply
In the lettings market, the RICS survey paints a more positive picture, with tenant demand surpassing the available rental properties. This shortage of rental properties is a significant challenge for tenants seeking affordable housing options.

Rental prices on the rise
Given the imbalance between tenant demand and landlord instructions, rental prices are expected to rise further in the coming months. This can pose challenges for tenants looking for affordable rental options.

The RICS Residential Market survey for August 2023 highlights a market under various pressures, including high mortgage rates affecting house prices and strong tenant demand in the lettings market. As one of the leading residential sales and letting agents in Wimbledon and Wimbledon Village, we are committed to assisting both buyers and renters in navigating these challenges. Our team of experienced property professionals is here to provide expert guidance and tailored solutions to meet the unique needs of our clients, we have dedicated departments within the business that can assist you.

For more from the RICS UK Monthly Residential Market survey, you can download and read the full August 2023 report here: https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey

Please feel free to reach out to us for personalised advice and assistance in this ever-evolving real estate market. Contact the right department for your needs here.

Regards,

John King, FRICS

Quarterly Market Update

Posted September 19, 2023 by Lea Bailey

Stay informed with our latest quarterly market report (Autumn 2023), providing essential insights into house prices, market trends and conditions, and our regional activity.

For more interesting stats, you can grab a physical copy from our office or explore the convenient page turner version now at:

Quarterly Market Update – Autumn

Don’t miss out on the valuable information that can guide your decisions during your sale process.

We are a proud member of The Guild of Property Professionals, a unique network of 800+ Independent Estate Agents across the UK – We can promote your property far and wide thanks to our nationwide connections.

Introducing Robin Catlin: An experienced addition to our commercial division

Posted September 1, 2023 by Lea Bailey

Robin Catlin has joined the commercial division of andrew scott robertson with over 40 years of expertise in the acquisition and disposal of offices, industrial, and distribution properties across the United Kingdom, Robin brings a wealth of experience to the specialised commercial property services offered by our team. For commercial property advice please contact Robin on +44 (0)20 8971 4999.

Prior to joining our commercial team, Robin successfully operated his own commercial property agency, establishing himself as a respected figure in the industry. Furthermore, his remarkable achievements led him to serve as the Chairman of the Industrial Agents Society, further highlighting his commitment and contributions to the field.

Robin’s decision to join us demonstrates his recognition of the company’s status as a leading commercial business, as well as his anticipation of the remarkable opportunities that lie within this vibrant area. Wimbledon and the Southwest London region has long been a hotbed for commercial ventures, and Robin’s in-depth knowledge of the area will undoubtedly strengthen our position as a premier provider of commercial property services.

With Robin’s arrival, we can expand our capabilities and deliver even greater value to clients seeking tailored solutions for their commercial property needs. His invaluable expertise, honed over four decades in the industry, will undoubtedly enrich our service offerings and enhance our reputation for excellence.

We warmly welcome Robin to andrew scott robertson and we are excited about the possibilities that lie ahead with his addition to our commercial division. We look forward to witnessing his continued success as part of our team, and we are confident that his presence will propel andrew scott robertson to new heights within the commercial property sector.

Please join us in extending a warm welcome to Robin as he embarks on this exciting new chapter of his career here at andrew scott robertson.