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south west
The property market generally remains strong, although prices are not rising as quickly as they were earlier in the year.
The Country House Market has been the weakest sector, but there are positive signs that this is now improving and we fully expect this trend
to continue into next year.
Martin Hemmett
Country House and Farm Agency - 01373 455060
Castle Cary - 01963 350327
Frome - 01373 455060
Glastonbury - 01458 831077
Rural Office Frome- 01373 831010
Rural Office Glastonbury - 01458 834288
Shepton Mallet - 01749 372200
Street - 01458 840416
Warminster - 01985 215579
Wells - 01749 676524
Stags, with its 20 West Country Agency offices, is an excellent barometer to activity over the whole region. The start of the year was steady,
with the late spring restricting the number of properties coming to the market. When spring arrived the looming election meant the market
remained subdued. Only since May, has activity picked up and exceeded last year.
The wheel is now spinning faster with viewings, offers and sales up on last year, together with an increase in Internet activity. There remains a
reduction in the number of buyers happy to take on debt with more buyers trading down, rather than up.
Activity is stronger for correctly priced and well presented property and the Stags website, with its various upgrades is producing excellent
results with 172,000 visitors in August being 25% ahead of last year.
Ben Stephens
Barnstaple - 01271 322833
Bideford - 01237 425030
Bridport - 01308 428000
Dartmouth - 01803 835336
Dulverton - 01398 323174
Exeter - 01392 255202
Honiton - 01404 45885
Kingsbridge - 01548 853131
Launceston - 01566 774999
Okehampton - 01837 659420
Plymouth - 01752 223933
South Molton - 01769 572263
Taunton - 01823 256625
Tiverton - 01884 235705
Torquay - 01803 200160
Totnes - 01803 865454
Truro - 01872 264488
Wadebridge - 01208 222333
Wellington - 01823 662822
Yeovil - 01935 475000
Relief for the housing market post the General Election with the easing of political uncertainty and the feared threat of mansion tax did not
bring about the anticipated surge of sales in the upper sector of the market (excess £1 million), the volility of the global economics being a
prime factor. Albeit Mark Carney, Bank of England, and Stanley Fischer, US Fed Reserve, have suggested that it is their domestic economy
than global which will be the pivotal determinant for monetary policy. Thus we can expect the long anticipated rise in interest rate in the not
too distant future. In the meantime, with the historically low interest rate, we have experienced an unseasonably active summer sub £1 million
with demand now outstripping supply. Sensibly priced property has been selling well. With the continuing relative shortage of stock balanced
against demand and current low (interest) rate expected to hold through into next year we expect a lively autumn.
Richard Taylor
Axminster - 01297 33122
Beaminster - 01308 863100
Blandford - 01258 452670
Bridport - 01308 422092
77-100 South West.indd 1
Dorchester - 01305 261008
Poundbury - 01305 251154
Salisbury - 01722 336944
Sherborne - 01935 814488
Sturminster Newton - 01258 473766
Wimborne - 01202 843190
Yeovil - 01935 423526
30/09/ 2015 18:11