Market Comment

https://www.theguardian.com/business/2021/mar/19/cornwall-overtakes-london-as-most-searched-location-for-uk-movers

We are in unprecedented times. Cornwall has now taken over London as the most searched for location on Rightmove. Cornwall has a population of circa 600,000 where as London has circa 9,300,000.

The coastal Regions of Devon have come third in the list.

I have been in the business of buying and selling property for over 20 years and cannot remember a more extraordinary market place as the one we find today. Yet, I just don’t see, demand dampening for the foreseeable future.

I actually feel there is enough demand already in the market place, to keep sellers and Estate Agents with plentiful supplies of buyers, for the next 5 years. Estate Agents have people queuing for property and this waiting list will not clear for many years to come.

We are facing a revelation in terms of where people now want to live and that now can live.

I do hope the market cools down post June 2021, once the stamp duty starts reverting back to normal. But I don’t think there will be a dramatic shift in demand.

As your Search Agent, It is vital to make you as a competitive buyer as possible and to try and see properties before they go “live” on the Portals. I now also have 2 or 3 clients willing to buy without seeing the property in the flesh. This may seem reckless, but in some individual cases, it is the most logical way to secure a property in today’s market. However, it is vitally important you have someone on your side to share with you the negative aspects of any house in a balanced and honest fashion, before you can possible consider taking such bold steps.

Very best,

Ed

 

 

The start of 2020 was certainly an improvement upon the sluggish Brexit dominated 2019 market, but with the new challenge of life with the Corona Virus, the property market has largely been stagnant as we have all tried our best to navigate through this strange and uncertain time.

That said, this has been a time for reflection for many and with the ‘new normal’ seeming to indicate that working from home is the way forward, I ask the question – will there be an influx of relocations to the South West?

This question has indeed been reaffirmed by recent articles in the Times property section as well as when speaking to local estate agents. In speaking to one Dartmouth agent last week, he stated ‘’ we have been inundated with enquiries and are on back to back viewings and market appraisals. Yes, some of the enquiries are less credible than others and there is a feeling that people are seeking to find a property that they enjoy living in, as opposed to a property that is near work, shops etc.’’

Having recently relocated to Devon from London with my husband and baby, I can certainly see the appeal of a move to the South West, provided it is feasible to work from home. According to the office for national statistics, only 5% of the UK workforce worked from home in 2019. That number has obviously spiked in recent weeks, and with it, the number of Londoners searching for Rural properties (Rightmove)

Over the past 3 months, families may have taken this break in normality as a much needed time to sit back and reassess what they deem to be important. A time to reprioritise. Instead of viewing a property as a place to simply crash out in the evenings and weekends, buyers will be posed with the question ‘’can I live and work here, with my family, during a lockdown’’ – a new set of requirements will be created and perhaps with it, an increased demand for rural properties, space and a more astute buyer.

Perhaps the lockdown has given you an opportunity to tackle the growing list of DIY jobs and you feel that now your property is looking its best, it’s time to sell and downsize. Perhaps you have decided that you need more of a work life balance and are desperate for some clean air and greenspaces.

Whatever position you find yourself in, in this new world, instructing a buying agent will ensure that you are best placed to start your property search. Stacks can help you understand the local market and preview available properties on your behalf meaning you save unnecessary travelling and legwork, leaving you to focus on the things you enjoy. Due to our relationship with local agents, we are often informed of properties that haven’t yet reached the open market- giving you as a buyer a cutting edge and putting you head and shoulders above the competition.

I will personally assess the property for you, as well as perform a detailed video tour to show you the property in depth, leaving no stone unturned or cupboard closed!

Please do feel free to call to discuss how I may be able to help you find your dream Devon property.

To discuss what you are looking for call
Ed Tel: 01803 732128 / 07711724939 or Grace Tel: 01803 732128 / 07508966975

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2018-11-21T12:35:46+00:00
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2018-11-21T12:51:23+00:00
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