Throughout the summer we anticipate the addition of a number of new properties to the market on an ongoing basis. The Cornish market is stable and property has a good chance of selling as long as it is realistically priced, however, the timeframes for selling/purchasing are noticeably longer. The Stacks Cornwall office is seeing an increase in buyer’s seeking to improve their quality of life, many of whom are looking for a second income from holiday lets, camping, bed and breakfast or similar tourist driven business opportunities.
From the Buyer’s point of view it is a mixed market. Family homes are in quite strong demand with a steady flow of people moving small businesses into the County. Land suitable for the development of a single property is still highly sought after particularly in special locations, often achieving high prices but occasionally over valued in anticipation of high demand. We are seeing a significant number of price reductions on properties that have been on the market for some time, however, even a relatively small price drop is often enough to trigger a small number of new viewings and a subsequent sale.
In various parts of the County there are several properties at the middle and upper end of the market that are not being marketed publicly. Some are available through Agents but for specific reasons are not being promoted via websites etc. Many are property owners planning to sell in the next twelve to eighteen months who come to Stacks for independent free advice on which Agents to approach when they are ready to sell.
We were delighted to be visited by so many people at The Royal Cornwall Show and to have the opportunity to catch up with so many past clients who have moved into or within the County with our assistance.