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Salisbury house prices ride the London ripple

Posted by: In: Real Estate 31 Jul 2014 Comments: 0 Tags: ,

Salisbury house prices are riding the London ripple, effect according to Strutt & Parker.

Charlie Evans, their new head of office, says that hosue prices have jumped 4 per cent throughout the last 12 months, although the market is “still extremely price sensitive”.

“Overpriced property tends to languish on the market for a lengthy period of time,” he explains. “As with all property markets, the key is correct pricing and knowing who the buyers are. The average time for a property on the market is down one week from last year. We have even had three properties this month sell for above the guide. One was a lovely residential farm which went for over 10 per cent above the guide, the second a town house in central Salisbury and the third an attractive Georgian cottage.”

Evans says that the market is dominated by four types of buyers, those looking for good schooling, downsizers/retirees moving west for better value housing in order to release capital and those simply looking for a dream house in the country.

“We are starting to see an increase in the number of buyers leaving London,” he continues. “The number of newly registered applicants with a London address is …read more

Source: The Movechannel


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