We British remain passionate about home ownership. Yet the banks, who are also involved, burnt…
At Lock & Key, we pride ourselves on being town and village property market specialists. We operate in and around Melksham, and we are pleased to say we have brought many buyers and vendors together in smaller locations.
Some people will argue a good estate agent can work anywhere, and that ultimately, there isn’t much of a difference between buyers. We don’t quite agree.
We are highly experienced in the town and village sector of the housing market. There are reasons why people want to live in these areas, or have done for some time, and we believe there is an expectation on how things are done.
We know what local buyers are looking for
Our track record in selling homes in Melksham indicates our customers love what we do. Therefore, we are pleased to see there is significant growth in demand for homes in towns, villages and more rural settings.
The reasons behind the fresh demand for homes in countryside or smaller settings isn’t pleasant, but there is no denying there has been a shift in buyer demand. People are looking for space, they want to live in an area with community spirit, and with remote working, there is no need to tie yourself to the city if you don’t have to.
There is significant demand for homes in smaller towns these days
We have experienced this at first-hand. We have dealt with many clients recently, all looking for a home in an area they believe is the perfect setting for them. We have also seen the national statistics which confirms what we have seen for ourselves.
The headline issues offered by Rightmove are as follows:
- Areas with populations of under 11,000 saw the biggest uplift in buyer searches in September, as people look to move to smaller places in the countryside
- All of the places where searches have doubled are small towns, villages and civil parishes, in contrast to searches being up 53% on average across the ten biggest cities
- Similar trend for the number of sales being agreed by estate agents, with sales up 179% in Dartmouth in Devon and 170% in St Ives in Cornwall
Rightmove’s Director of Property Data Tim Bannister, explains; “Back in May when the market reopened in England, we wondered how long the desire to move to the country or to smaller towns and villages would last. It’s clear that this short-term shift has turned into a medium-term trend, as our data is showing that home hunters looking at what’s available are also turning into serious buyers putting in offers.”
Tim continued by saying; “There are a number of likely drivers of this change, some buyers are now more willing to have a country commute a few times a week, and others are preparing for social distancing to be here for quite some time yet, and so are being drawn to places with more outdoor space. Housing markets in some of the biggest cities are still busier than this time last year as the quiet life definitely isn’t for everyone, but they’re not seeing the same surge as these smaller areas.”
If you are looking to make a move in the Melksham property market, and you would like to speak with local experts, please get in touch. If you would like to arrange a property valuation, contact us and we will set this up for you. You can phone Lock & Key on 01225 707 342 or why not come and visit us at 5 Church Street, Melksham.