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BUSINESS AS USUAL!

Whilst the result of last Thursday’s referendum was a surprise for many political commentators it was clearly the result the majority in Torbay voted for.  Whether you voted leave or remain the result is likely to lead to a period of economic uncertainty whilst the mechanics of the “Brexit” are put in place over the coming months.  One question being asked; is this result likely to affect the housing market?  Like many other aspects of economic life in the UK it is too early to make a call however the immediate indications are that it is business as usual as far as the property market in South Devon is concerned.  Jonathan Bye, director of Eric Lloyd & Co, commented that “during the days up to and the days following the referendum, and even on polling day itself, sales were being agreed as well as a healthy number of sales proceeding to an exchange of contracts during this period indicating that buyer confidence remains strong.  Historically in any case the South Devon property market has tended to remain less affected by economic events than the market in other parts of the country, as many purchases are lifestyle choices rather than moves of necessity.”  On a lighter note – a reminder that the Gooseberry Pie Fair takes place in the village of Galmpton this Sunday, July 3rd.  This is one of the highlights in the village’s calendar, focused of course around the giant pie itself served with generous dollops of clotted cream, together with musical entertainment, stalls and refreshments.         

 

     

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