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PropertyView Property View


Good Expectations C


Richard Blake


hristmas and New Year seems a distant memory and agents are unusually concerned at the lack of activity in The South Hams this time of year. I must say that we have had a really encouraging start to 2012 with sales being agreed and plenty of viewings. As Estate Agents, of course we always have something to be concerned over and now it is the lack of instructions. This seems to be general throughout the country where new stock is in short


New manager, New deals!


supply. There are a number of potential causes for this, one being the general time of year, the second being the availability of mortgage finance. For those potential vendors who are waiting for the Spring to market their properties, yes the days are lighter and brighter and the gardens are coming to life, however what can happen is that the market becomes flooded with new instructions, with supply outstripping demand. Of course there is never a happy medium in the housing market. It is always famine or feast.


So the general message is still, properly priced houses will find buyers.


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Our main trading market is in second homes and retirement properties but the local market is struggling. Homes that are on the edge of the town and, therefore, normally bought by residents as main homes, are not as strong. We have, nonetheless, just agreed three sales on Seymour Drive, two on Crossparks and viewings of properties that we are marketing on Hermitage Road/Archway have seen a sudden increase.


Lets hope this is the sign of a firm recovery. At the time of writing, we are in half term week and, even though the weather elsewhere in the country has been snowy, there are plenty of people in town and our appointments have certainly increased.


We now look forward to a busy early Spring and Easter.


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