BANES sees positive sales growth despite uncertainty by Francine Watson of @knightfrank
Uncertainty around the Brexit negotiations has certainly impacted the housing market with prospective buyers taking their time to deliberate, but things out of our direct control aside; the housing market in Bath is moving. We live in a great city, with some of the best schools in the country, well respected universities, fabulous architecture and glorious countryside, which is a real draw for people to either remain or move to the area.
Halifax recently reported a very respectful 3% growth over a 12 month period in Bath and north east Somerset, a slow but positive increase. However the number of actual transactions are down nationwide, in spite of still being able to access reasonably low cost mortgage lending. These two factors demonstrate that buyers are out there, but those with the luxury of not being in a hurry to move are holding out for a little more ‘Brexit certainty’. Our thoughts are that if property is appraised sensibly, and listed at a fair market price, it will attract interest and those aforementioned buyers.
For those of you who are hoping to be having your Christmas dinner in your new home, now is the time to buy. One way to do this and perhaps shorten the length of any sales chain is to look at new build properties. From grand, luxurious 4 bedroom townhouses by Kersfield at Lansdown Fields with prices from £995,000 or spacious detached 5 bedroom family homes by Charlcombe Homes, starting from £1,450,000, set in large gardens, within the glorious countryside of Bathampton; the choice is yours.
If you are looking for something a little more central, One Beau Street apartments may be more to your liking. Prices for a one bedroom apartment start at £325,000.