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Wed 17 June 2020
Following the reopening of the property market the demand for West Country property has rocketed.
Both local and regional buyers are looking to effect their desired move in 2020. Stags are seeing an increasing number of people registering for property, wishing to move to the West Country whether to buy a second home or indeed a permanent home from outside the region, particularly those from London and the Home Counties.
A common thread is that buyers who are currently living in an urban environment are looking to buy a property in a rural or village location, perhaps not surprisingly having experienced lockdown in recent months. This has included homeowners who live in towns and cities in the West Country.
For example statistics for May showed that the busy Stags staff agreed sales on over 80 properties in one month. We are only half way through June and have already agreed sales on over 100 properties across the West Country.
What effect is this having on prices? Too early to say says Simon Cooper, Partner of Stags, but there are certainly few signs of house prices are falling in the West Country this summer, indeed there have been a number of instances where properties were quickly sold at their guide price or in some cases, over the guide.
What will happen later this year when the furlough scheme comes to an end? This is perhaps more of an unknown but if you are thinking of selling this year we advise you to get in touch with a member of our team who can help you begin the journey.
We are here to help you move, safely.