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Jonathan Bye, director of Eric Lloyd & Co, is pleased to be able to report a most encouraging first six months of activity and sales in the South Devon Property market.  Eric Lloyd & Co has seen a near 10% increase in the number of sales completed in the period January to June 2016 when compared to the same period in 2015.  There have however been some peaks and troughs along the way with one notable “spike” being the near record number of completions taking place in March 2016 with buyers of second homes and investors endeavouring to beat the changes in Stamp Duty for such purchases.  Despite much pessimism following this change we are now seeing both investors and second home buyers returning to the market.  Properties in all market sectors have been sold.  The villages of Galmpton and Churston remain popular along with the bungalows and houses of Broadsands and Hookhills.  There has been particularly strong demand for both cottages and apartments in and around the harbour of Brixham.  Traditional houses and bungalows throughout the port of Brixham have continued to attract local buyers as well as purchasers from further afield seeking a change of lifestyle.  The question currently on many people’s minds following the referendum is “what is going to happen to the property market?”  At the moment it is “business as usual” with sales continuing to be agreed, purchases being completed and new properties continuing to enter the market.  If you are considering selling or buying give us a call today!   

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