A Bristol estate agent has spoken about trust when it comes to the current property market, reassuring Bristolians that house prices in the area aren't falling, despite the current economic crisis since the government's mini budget announcement last Friday. However, Bristol mortgage advisors aren't as optimistic.
Andrew Simmonds, who runs both Parkers estate agents in North Somerset and Country Property in South Gloucestershire told BristolLive: "The property market has actually been volatile for months," he added that, contrary to popular belief and media speculation, house prices are certainly not falling in the area. Andrew, who works predominantly with those selling their houses, rather than buying property, in the areas surrounding Bristol, also spoke about the stamp duty cuts announced in the government's recent mini budget, as well as the current situation affecting mortgages.
He said: "It will have the most impact on those at the two ends of the scale - the people who are just starting on the property ladder and purchasing their first property and those at the highest end of the scale, who are purchasing property in upwards of millions of pounds."
