South &
Dartmoor in Devon
has seen an increase
in cash buyers
South West
Light on
the horizon
With renewed interest and a noticeable increase in
viewing figures across the southern region, now is
the right time for buyers to make a move
e are currently having “Buyers are aware that property
“ W
a very active season, values have decreased – by up to 25
and those buying per cent – and that, coupled with a
property this year continuing scarcity of housing stock
will look back in five years’ time and – means that people are taking the
know they did well,” says Justin Marking, view that we are probably at the bottom
Head of Residential at Savills. Agents of the market and now is the time to buy.”
nationwide have noticed signs of market Another positive sign is the number of
recovery since Easter. This has followed recent sales which have achieved in excess
an upturn in interest from buyers and of the asking price. Richard Brooks, of
increased viewing numbers in comparison Savills Clifton, comments, “In April, we
with the first three months of the year. had three properties that sold for more
“This interest is transforming into sales than the guide price. People are going to
and is accompanied by a more positive sealed bids and last and final offers on
sentiment coming through with regards to desirable, well-priced properties in the
buying,” says Marking. best locations.
“It’s a reliable indicator when you get
an excellent property and buyers will pay
Property hotspot | South Devon
to secure it. Even if the market falls by a
further 10 per cent, they’re prepared to
Yelverton, near Plymouth
accept it because they’re looking for a
This historic family home is long-term investment.”
situated on the outskirts of
Dartmoor and is just a 20-minute
drive from beautiful beaches. In
Opportunities ahead
addition to the main residence, Brooks sees opportunities, despite the
there are two three-bedroom
challenges that lie ahead: “This is a superb
cottages, stables, an ancient
tower and around 16 acres of
time for people to progress up through the
gardens and grounds.
market. We have countless buyers. I just
wish we had the range of properties
Price: £2 million
to offer them.”
Contact: Martin Lamb
+44 (0)1392 455 740
Peter Lane, of Savills Wimborne,
mlamb@savills.com believes that the biggest challenge in the
forthcoming months will be to manage
60 savills ultimate property collection
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