News: August 2018

Sales News:- Revealed – the premiums for homes close to good schools

30/08/18

We have long-known that buying a home in the catchment area of a popular school carries a premium, but now for the first time research has tried to show exactly how much. According to a survey from the Santander finance company: – homes near a top state primary school have an 8% premium; – being near an exception secondary can add up to 42%; – around 60%…

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LETTINGS NEWS:- Buy to let market still rock solid as demand surges

30/08/18

Demand from tenants wanting to rent properties is now at the highest it has been for a year – with no drop expected in the near future. One of the best-respected market surveys, from the Association of Residential Lettings Agents, shows that: – a typical agent had 79 new tenants this month, up from 71 a month ago; – this is 13% higher than a year ago;…

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SALES NEWS: More expansion for Exeter as city attracts more jobs and residents

13/08/18

A further expansion of Cranbrook new town has been agreed, with planners giving the go-ahead because of high demand from newcomers to live in or near to Exeter. The proposal is for another 180 new homes with planners saying: Exeter is the most sought-after Devon location for people to live; the city’s population grew almost 2% in 2016-17; Cranbrook will ultimately have 6,550 homes by 2027. Cranbrook…

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LETTINGS NEWS:- South West to see strongest rental market over next five years

13/08/18

The south west is likely to see the country’s strongest rental market over the next five years according to the widely-respected Royal Institution of Chartered Surveyors. In its latest snapshot about the lettings sector it says: south west rents will grow around 2% by the end of 2018; they will grow by “well above 15%” by 2023; this is because demand for rental property exceeds supply. RICS…

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