A Very Promising Late Spring & Early Summer
We have just had our busiest two months for sales agreed since opening the office over three years ago. This is a particularly encouraging trend as the height of summer approaches and considering the never ending cycle of bad news that appears in the press. Properties are attracting buyers across all price ranges with sales being agreed in the last few weeks between £95,000 and over £800,000. There is also considerable interest in £1million + properties that are still available in the town.
There seems to be more good news for first time buyers as well with the national press reporting a lending war; RBS has already cut its five year fixed rate to 4.79% for those with a 10% deposit and HSBC recently unveiled its five year fixed 2.99%. This all contributes to make for an extremely attractive package to purchase property at prices considerably lower than they were five years ago.
Homes near the water have fared particularly well over the last quarter with holiday homers and retirees. These purchases are, however, not just being determined by location but also by price.
The latest incentive from the government to lend to banks in order for them to lend to businesses and consumers will hopefully have a more positive effect on the property market and we look forward to a similarly busy main holiday period and early autumn. The town is extremely busy now the weather has turned so let’s hope it continues in this vein and that last minute visitors will make the decision to come in brilliant sunshine. The weather does affect our local property market so bring on the sunshine!
Richard Blake 01803 832288 www.richard-blake.co.uk/
First Published By August 2012 By The Dart
