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PROPERTY VIEW By Richard Blake of Winkworth Dartmouth


with people considering a move. As I’m writing this article Parliament is still in a state of flux over Brexit and the uncertainty is crippling to British business. I’m sure we all hope that a decision will be taken on the way forward very shortly. Once people are assured about their future they will flock back to the property market and we could have a particularly busy summer period. The country in general is starved of properties for sale so buyers have little choice when hunting for a new home. Competition can be furious for new instructions so


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anyone thinking of moving and putting their property on the market could well find viewing appointments being booked early on. With the onset of spring, selling condi- tions are good and are likely to get better once Brexit is sorted. In the last couple of weeks, sales are being agreed regularly and some properties are receiving multiple offers. We really do require more instructions to cope with the demand.


SPRING SUNSHINE


he pleasant warm sunshine has brought with it much more activity to the market with plenty of viewings taking place and at last some valuations


So, in short, we look forward to a much more settled


environment over the summer and hopefully a busy one for Dartmouth and its property market. The Bank of England could set a target for house price


inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes. The shadow housing secretary, John Healey, is consider- ing whether, under a Labour government, the Bank should be set an explicit target following a decade of runaway growth in the property market, with the aim of tackling the housing crisis. Under the proposals, the Bank could be mandated to guide house price growth within levels set by the govern- ment, in the same way that the central bank is handed a target to keep general inflation at around 2%. Rather than using interest rates to achieve its aim, as is the case for general inflation, Labour is considering whether greater powers for the central bank’s financial policy committee, which is responsible for financial stability, could be used to curb house price growth by curtailing the availability of mortgages.


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