D&G’s second best month in the company’s 51 year history in July 2009
Estate Agents in London, Douglas & Gordon has announced July as its second best performing month in the history of the company, the best being July 2007.
- July and August were expected to be very quiet
- Actual applicant levels in July 2009 were the same as July 2007
- Three times as many applicants in July 2009 as July 2008
- July was the fourth consecutive month of increased activity for D&G sales
- More than double the sales were agreed in July 2009 as July 2008
- Prices have adjusted to such a degree that the market is moving again
- Trend: Landlords are selling rental properties and tenants are coming out of rented properties to buy
- However, both sales and lettings are busy
Revenue - ratio of sales to lettings
July 2007 July 2009
61% : 22% 51% : 30%
- Buyer sentiment is that now is the time to buy
- Buyers and sellers in the current market are serious and as a result, fewer transactions are falling through
- Bricks and mortar is still a more favourable alternative investment to money in the bank or other underperforming asset classes
- Mortgages are not as difficult to come by as most think
- Because of the recession, as a company, we have improved – having to work that much harder and smarter
Douglas & Gordon is now recruiting again.