Daily Mail, 28/06/19 | Stacks Property Search and Acquisition

Look out for the foodie factor when buying a home: why a trendy restaurant scene is a good sign that an area’s house prices are on the up.

Quoting Clare Coode of Stacks Property Finders

‘Padstow only hit the giddy heights of £1million-plus houses after Rick Stein became famous,’ says Clare Coode, of Stacks Property Search.

‘If you’re buying a house — particularly as a rental investment — and there’s a Rick Stein nearby, that makes it attractive and a good indicator of the demographic of visitors to the area.

‘Established expensive restaurants indicate a wealthy clientele, which brings in smart shops and delis. There is no doubt it increases the value of your house.’

But there is one word of caution. While a home near great restaurants will benefit from increased status, the opposite might be true for a house right next door.

‘Cooking smells, extractor fans and constant deliveries put many off and, although most of us are happy to fall out of a restaurant at closing time, with laughter and farewells, it’s not so good for those in bed nearby,’ says Clare Coode.

Read the full story here

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