PROPERTY VIEW By Richard Blake, local estate agent


Post election - the local housing market? W


ith no major party managing to muster a majori- ty vote in this year’s General Election, we are left


wondering what a coalition government will mean for the property market. It has been a tense few weeks in the world of politics with a hung parliament followed by the appointment of a new Housing Minister. Senior industry leaders have however questioned the experience of the new minister with the Intermediary Mortgage Lenders As- sociation calling for an end to the Housing Minister merry- go-round. There have been fifteen Housing Ministers in the last twenty years. Increased uncertainty has knocked confidence in the


market with house builders particularly affected. Whilst the Prime Minister has touched on an idea of a soft Brexit, everyone is hoping that early negotiations can alleviate some of the economic fears that surround Brexit. Since the General Election, although the market has


weakened, we are hopeful that now the Brexit negotia- tions have started and the Government is getting on with its day to day business, activity levels will begin to increase


to the good levels of pre-election. Demand continues to greatly outstrip supply which will no doubt keep prices fairly stable. As for the local market, here in Dartmouth and sur-


rounds, we have had a rush of exchanges and comple- tions from what was a very busy first quarter of 2017. The shortage of supply is marked and still exists although sales levels have weakened since the commencement and then result of the General Election. I am sure that this will be corrected over the coming weeks and we look forward to a steady selling period over the summer months. We have found that the villages just outside Dartmouth,


i.e. Stoke Fleming and Strete in particular had a very successful selling period; many properties selling as main residences which is good news for those communities. Dartmouth of course always gets its fair share of interest and more recent good publicity about the town in the national press can only help. Garages in Dartmouth are proving ever popular with eye watering figures being achieved.


architectural & interior design


15 Silver Street, Wiveliscombe, Taunton TA4 2PA - tel: 01984 624847


We have secured Planning Permission for this individual house on the upper banks of the Dart in Kingswear. Built into the side of an old quarry the design takes advantage of the magnificent river and sea views by cascading down the old quarry face. Overhanging eaves and the brise soleil shield the high summer sun, whilst allowing the warmth of the winter sun into the interior spaces.


17 Newcomen Road, Dartmouth, Devon TQ6 9BN - tel: 01803 834990


e: info@geoffsellick.com w: www.geoffsellick.com


VAT


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