BUSINESS AS USUAL!

In the weeks running up to the changes in the Stamp Duty regime for investment and second home purchases legal firms were reporting unprecedented workloads in order to beat the changes which came into force on 1^st April.  Indeed Eric Lloyd & Co is able to report contracts being exchanged on many investment or second home purchases during the last few days of March.  However Jonathan Bye, director of Eric Lloyd & Co, is also pleased to be able to report that despite many people’s fears of a market slow down following these changes a continuing healthy number of sales were agreed during March including some on properties being bought as investments or for second homes.  Sales in March were agreed “across the board” ranging from a cottage in St Mary’s Square Brixham on the market at £129,950 through to a superb detached bungalow in Hookhills Gardens, Paignton on the market at £450,000.  Following a well attended open house event at Treetops in Higher Contour Road, Kingswear a sale was agreed off an asking price of £325,000 for this semi detached house in need of improvement, but with fantastic views over the river Dart.  The first few days of April have already been very busy in terms of property viewings and new listings coming to the market.  Booked in to be listed by the Brixham office in the first half of this week are properties in Ranscombe Road, Broad Reeds, Durleigh Road and Longcroft Avenue.  Called 01803 852773 for details.