Now is the time to sell! Demand for Property in Somerset & North Dorset Higher Than Ever Before. | Lodestone Property

At the end of last year, it was reported that house prices had seen the largest annual growth in six years. Experts concluded this was down to tax breaks, stamp duty allowances and changing demand due to Covid-19.

According to national estate agency figures, reported in The Sunday Telegraph at the end of 2020, last year saw a 90% increase in demand from house-hunters for country and rural town locations.

 

Springfield Farm near Shaftesbury has had over 30 viewings in one week.

As we move further in to 2021, fears that house prices would fall off the edge of a cliff after the surge of last year, have been put to bed, as the market sees continued demand for houses in popular areas of Somerset and North Dorset.

Rental property owners who once relied on all-year round tourism trade and events such as Glastonbury Festival have had to rethink their strategy at least until the end of Spring, as the UK remains in Lockdown 3. Thus, local property agents have seen a rise in short-term lets becoming available, meeting the demand for those in-between house sales and looking to ‘try the area before they buy’.

For those looking, spring offers the opportunity for parents start to choose schools and look at homes close to them. As the Prime Minister sets out his plans for the next six months, we live in hope that life looks like it could start returning to normal, and many will feel it’s more acceptable to move house and take the step to find their dream home.

 

Have a property to sell or let?

As we enter Spring, many people are starting to think about putting their homes on the market.

Not only is demand rife as the country prepares to come out of lockdown, more daylight and sunshine allow for better photography, more attractive gardens and the chance to better show potential buyers around in a Covid-safe way. So, for those who are thinking about selling, we’re confident now is a good time to sell.

For more information on market appraisals and the best to way to sell your house contact our team. 

 

Contributor:  Simon Neville Jones, Branch Manager, Shaftesbury

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