PROPERTY VIEW property VIEW By Richard Blake, local estate agent PROPERTY MARKET IS STILL BIG NEWS
It never ceases to amaze me how the media can put such a dramatic spin on the UK housing market. The head- lines vary from week to week; one minute there is a boom and bubble and the next minute the market is busting.! The fact of the matter is that either of the two scenarios, boom or bust, sells papers. But what is really happening? Obviously there’s a massively strong London proper ty
market. A lot of this money, mostly cash, is from overseas. Recent reports, however, are now suggesting the market is cooling after a frantic few months. This is purely down to supply. The agents that I have talked to in Central London are saying that there were so few proper ties coming onto the market that, at one stage, buyers were falling over themselves and bidding well in excess of asking prices in order to secure their home. In more recent weeks, agents repor t an influx of new proper ties thus having this cooling effect. the most popular question i am now asked is whether the Dar tmouth market is following what’s happening in
London? The answer simply is no. Dartmouth has a special- ist proper ty market anyway and does not tend to follow national trends. Dar tmouth has seen a volatile couple of months. We
have had periods where we have been busier than we have been for years followed by periods of extreme calm. It is obvious to see when searching the local proper ty websites, that buyers at the top end of the market are conspicuous by their absence. a typical holiday fisher- man’s cottage in the town centre sells extremely well up to £250,000 and proper ties priced up to £500,000 to £600,000 are also selling. We are now looking forward to the Summer period. I
hope that we have a sustainable and steady improvement in the market but I think any price rises will be sensible. Properly priced property will attract buyers. P.S. This was written the day before the new recommended mortgage lending criteria.
COLLINGWOOD ROAD, TOWNSTAL INDUSTRIAL ESTATE, DARTMOUTH, TQ6 9JY TEL : 01803 839205 EMAIL :
dartmouth@howdens.com
SUPPLYING KITCHENS, FLOORING, DOORS, BATHROOM CABINETS & JOINERY TO THE TRADE PROFESSIONALS
to come and see our new showroom in Dartmouth which is full of exciting ideas for your new kitchen.
OVER 40 INSPIRATIONAL RANGES AVAILABLE FROM STOCK DARTMOUTH’S SECRET NO LONGER !!
To ensure our kitchens are fitted to the highest standards we supply only to professional trade account holders. if you haven’t already appointed a builder, don’t worry, we have many local tradesmen that we can introduce to you.
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SO WHY NOT COME AND SEE US IN OUR SHOWROOM AND HAVE A CHAT WITH OUR FRIENDLY AND KNOWLEDGABLE STAFF OR CALL US TO ARRANGE A HOME OR SITE VISIT. HOWDENS ARE TRADE ONLY SUPPLIERS AND IF YOU DO NOT HAVE AN ACCOUNT WITH US WE CAN SUPPLY YOU WITH A NUMBER OF TRADE PROFESSIONALS WHO WOULD BE HAPPY TO HELP YOU WITH YOUR IMPORTANT PROJECT. WE LOOK FORWARD TO HELPING YOU GET WHAT YOU WANT
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