Press Release: Coventry’s residential property boost

 A leading Coventry estate agent believes that residential property is set for a boost in 2010 after posting massively improved figures.

Shortland Horne, which has three offices across the city, saw its earned-income rise by more than 40 per cent during the final quarter of 2009 compared the same time the previous year and is confident that trend will continue over the next 12 months.

Director Andrew Moss said that properties were selling well but added that a bigger supply of houses was vital to help the market return in earnest.

He said: “We had, by the industry standards of the last couple of years, a good 2009 and there is no question that there is a pent up demand for people wanting or having to move.

“We have definitely seen an improvement in the time it takes to market and then sell a home.

“There is no question that there has been a sizeable correction in the market over the last 18 months but there are strong signs that stability is returning.

“Owners of properties in good order, in good locations, and who are realistic, stand a good chance of achieving a sale.

“The one factor we need to return is general business confidence. People have been, and still are, understandably worried about the overall economic situation and until some feeling of job security returns, that will continue to affect the market.”

Moss added that the improvement in the market was not confined to any particular sector of the market or location.

“Having three offices in the city really does allow us to compare different locations but we have noticed an improvement across all areas of Coventry and in differing price brackets.

“Obviously the wintery weather has slowed things down a little, but hopefully things will pick up and continue to grow.”

Media enquiries:
Lee Corden
Advent Communications
2 Edison Building
Electric Wharf
Sandy Lane
Coventry CV1 4JA
Tel: 024 7663 3636
http://www.advent-communications.co.uk