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MARKET UPDATE

Despite all the speculation and uncertainty concerning the UK’s future in Europe, Jonathan Bye, director of Eric Lloyd & Co, can report that activity levels remain robust in the South Devon property market.  Sales levels during November 2016 have remained on a par when compared with the number of sales agreed during the same month last year, with over thirty sales being agreed during the course of both November 2015 and November 2016.  Sales have been agreed across all market sectors from a one bedroom flat in Nut Tree Court Brixham on the market at an asking price of £99,950 through to one of Galmpton’s landmark houses on the market at an asking price of £799,950.  Traditionally in the couple of weeks in the run up to the Christmas holiday the numbers of viewings tends to reduce but those viewings which do take place tend to be with buyers who are  intent on making an immediate purchase.  The area is also host to many visitors over the Christmas and New Year holidays some of whom combine their holiday with a search for a property, either as a permanent home or for a holiday home for the coming summer.  The key for the property market to maintain its momentum is for a continuing supply of new properties to come to the market early in the New Year.  If you are considering a sale in the early part of 2017 call Eric Lloyd & Co’s offices on Brixham (01803) 852773 or Churston (01803) 844466 to arrange your free valuation.          

 

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