← Back to all articles

SPRING REVIEW

The first three months of 2016 have seen a very strong start to the property market in South Devon.  Eric Lloyd & Co saw a record number of properties complete during January, February and March.  Amongst these sales were a number of properties being purchased as investments or for second homes with the buyers keen to beat the changes in stamp duty being applied to purchases of second properties after 1st April.  Jonathan Bye, director of Eric Lloyd & Co, commented that “whilst the rush to beat the stamp duty changes has undoubtedly created a spike in the number of completions particularly during March, general activity levels still remain high with large numbers of viewings being arranged both with local buyers looking to make a move as well as buyers from further afield looking for a change of lifestyle.  The opening of the South Devon Highway has undoubtedly contributed to the buoyancy of the Torbay property market making commuting to Newton Abbot and beyond much easier as well as greatly improving the accessibility of the bay from the M5 at Exeter.”  The key question at this point in the year is what of the summer months?  An essential element to continuing buoyancy in the market is the maintenance of a flow of new properties coming onto the market to balance those being sold.  With Spring finally here now is the ideal time to place a property onto the market! 

If you are thinking of moving, why not request a free no-obligation market valuation of your property?

Request Valuation