Hannells' six branches in Derby have experienced a renaissance in activity this year as the economy recovers from the downturn.
These record sales are despite speculation over a possible housing "bubble" and that the Bank of England's Monetary Policy Committee may raise interest rates, either at the end of 2014 or early in 2015.
"Most agents would be happy to sell in a year the amount of Derby properties we sell in a month and it's because of our commitment to constantly improving and our presence in the city." says Hannells managing director, Benjamin Brain
He believes that the current levels of activity are not signs of a bubble and that a rise in interest rates will not spook homebuyers.
"We're confident that the interest rate rises towards the beginning of 2015 will have a minimal impact on the local market. Many experts are predicting tiny increases which is great news for the economy as a whole. Lately, there have been some negative headlines about the property market. However, headlines can be deceiving. When there has been talk of the market slowing down, here at Hannells we've just had our best month of the year so far."
These record sales are despite speculation over a possible housing "bubble" and that the Bank of England's Monetary Policy Committee may raise interest rates, either at the end of 2014 or early in 2015.
"Most agents would be happy to sell in a year the amount of Derby properties we sell in a month and it's because of our commitment to constantly improving and our presence in the city." says Hannells managing director, Benjamin Brain
He believes that the current levels of activity are not signs of a bubble and that a rise in interest rates will not spook homebuyers.
"We're confident that the interest rate rises towards the beginning of 2015 will have a minimal impact on the local market. Many experts are predicting tiny increases which is great news for the economy as a whole. Lately, there have been some negative headlines about the property market. However, headlines can be deceiving. When there has been talk of the market slowing down, here at Hannells we've just had our best month of the year so far."
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