Is the West Country bucking the national property market trend?
Mon 28 October 2019
According to monthly figures, the outlook for the West Country property market is a lot brighter than this time last year, reports Stags Partner Simon Cooper.
While the press paints a somewhat gloomy picture of the property market, down here in the West Country Stags’ 21 offices are far from quiet.
Putting some facts to this statement, the number of properties sale agreed was up by 5% in September 2019 compared to last September.
Indeed, the number of completed sales in September was also up by 12%.
Another clear indication of increased activity is the number of visits to stags.co.uk, which were up by 12.7% on September 2018. Email leads from the portal websites Stags uses to promote properties was also up, showing once again that buyers are not seeing early autumn as the wrong time of year to think about a move.
Turning now to the year to date for Stags, completed sales and those subject to contract are significantly up year on year. The number of viewings across the firm this year to date is also up by a healthy 10% compared to the same nine months in 2018.
Interestingly, there are a number of sellers with buyers for their properties but who cannot find themselves a property to buy in the West Country. There are also a lot of sellers who are reticent about putting their property on the market, through concern that it will not sell. From the evidence discussed for last two months and indeed the year to date, this is a misconception.
If you have a desire to move in the next year or two, call your local office today and you might be pleasantly surprised as to what you property is worth and how quickly you can move.