112 PROPERTY
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Market force – or fears?
The nation’s housing market got off to a subdued start in 2018, with sellers of £1 million-plus homes in London finding it toughest to find buyers in January, according to a survey of estate agents. Across the UK as a whole, the number of sales, new buyers, and properties coming onto the market all fell in January, the Royal Institution of Chartered Surveyors (RICS) said.
Part exchange to country life in Kent
With the average property price in key commuter towns and villages in Kent still on around £325,000 cheaper than the capital, a record number of Londoners are being attracted to Kentish country life, as price growth slows, and owners look to cash in on their bricks and mortar gains. Recognising this growing trend, David
Wilson Homes are offering a part exchange scheme at its popular Preston Grange development, near Canterbury, to help those considering moving this year. With high-speed trains offering journey times of one hour into central London and five- bedroom properties available from £569,995 at Preston Grange, the development has
already proved popular to date with families from the capital looking to upsize. Preston Grange is an exclusive development of 70 executive homes surrounded by open countryside with village life right on its doorstep.
Part-Exchange is a helpful home-buying scheme whereby David Wilson Homes buys potential homebuyers’ current property in exchange for a new David Wilson home. This makes moving easy with no estate agent fees, chains and removes some of the stress associated with buying a home. Prices currently start from £482,995 for a detached four-bedroom home. • Call 0844 854 9937 or visit
www.dwh.co.uk
New buyer inquiries fell for a 10th successive month and the number of properties coming on to estate agents’ books slipped back to the record-low levels seen around the middle of 2017. Of the estate agents surveyed, 67% said the sales price achieved on homes priced at £1 million or more had come in below asking price. The figure dropped to 56% of agents for properties listed between £500,000 and £1 million. The biggest price falls
Kent homebuyer keeps Millwood in the family
Homebuyers are twice as likely to be happy with their new home if a small or medium-sized house builder constructed it, new research from the Federation of Master Builders has revealed. Approximately 36% of those who bought a new build home from an SME builder in the last five years said that they were happy with their property and its overall quality.
Impressed by
Millwood Designer Homes’ unique approach and high quality designs, 47-year-old city banker Robert Mannering and his wife Mandy (left), have recently
purchased not one, but two homes in Kent from the Tonbridge-based homebuilder. After discovering the Millwood brand, Robert and Mandy have found their dream family home at The Old Orchard in Sutton Valence, a collection of homes five miles south of Maidstone. As a result, Robert and Mandy have also helped their 23-year- old daughter Alice to purchase a home at Millwood’s Windsor Meadow development in Marden.
Robert said: “We nearly also bought the show home at Brambledown in Maidstone as a retirement home – in 10 years’ time, that house would be perfect for us!” Prices start from £465,000 at The Old
Orchard and £325,000 at Windsor Meadow. • Visit
www.millwooddesignerhomes.co.uk or call 01622 410622.
continued to be in London, but they also dropped in the South East, East Anglia and the North East. “Divergent regional trends remain very much to the fore with the market in many parts of the country still actually behaving in a solid if unspectacular way despite the downbeat headlines,” said a spokesperson for the RICS, adding: “Affordability issues continue to play a key role in explaining this pattern with those areas where house price earnings are most stretched seeing the softest markets.” The RICS report was published a day after Halifax reported house prices falling for a second consecutive month in January, as consumers struggling with shrinking disposable income put major spending decisions on hold. The average price of a home in Britain fell 0.6% in February to £223,285, according to the mortgage lender’s own data. It followed a 0.8% drop in prices in December.
© Russell Harper
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