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Why Towcester is one of the emerging property hot-spots

Author: Craig Bees Published: 11th June 2019 12:39

Why Towcester is one of the emerging property hot-spotsWhy Towcester is one of the emerging property hot-spots
The latest research shows that every month the British spend a billion minutes, yes a billion, on the Rightmove website.

Most users just browse through the pictures of the properties but if they are more serious and want to move their search takes on a new urgency, with an average of 20 hours being devoted to looking at 16 homes, according to research from EMEA Matterport, a tech business that creates 3D images of properties.

Hold on, are people really that targeted in their selection of suitable homes? The total time spent to buy a home (an average of six months and 24 days) seems more representative. This is largely due to the exchange of contracts, which takes an average of five months and ten days after an offer is made, despite advances in technology.

Then there is the current property dilemma – those who believe the upward house price trend is over for the foreseeable future and those who think another boom is on the way.

The latter has been lifted by an increase in mortgage approvals, with loan demands rising six per cent to a two-year high in April, while the opposing camp points to the fact that the gap between the asking and sale prices in cities is widening.

Meanwhile, new hotspots are emerging — rural locations with great views, good road/rail transport links and close to cities. Hello Towcester? The proof is that, whatever you think lies ahead and let’s face it nobody really knows, the market has shifted.

For areas like Towcester, the worrying concern about urban pollution levels and the subsequent search for cleaner air is boosting the popularity of countryside property. But since not everyone can nor wants to relocate to a remote rural spot, there is an also opportunity for innovation.

The government must act to reduce emission levels but councils should also play their part, with street-design changes and the planting of trees to improve air quality. There may also be a shift in the nature of private gardens, with particulate-cleansing wallflowers and ivy becoming the hip horticultural choices.

For the moment, the type of garden that seems to appeal to buyers most involves a terrace adorned with blossoms and pot plants ie will look good on social media.  Whatever its horticultural variety, it may be worth quickly sprucing up this space in the hope of catching the attention of one of the house-hunters who are reconciled to receiving less for their property if they can acquire another at a reasonable price.

Watch this space.

Monthly draw: still time to make this month your chance to win a case of Italian wines (red/whites/mixed) or get one month’s membership to Whittlebury Hall Leisure Club.

How To Enter: every valuation and instruction for sale or rental between now and Wednesday June 26 will be entered into the draw, the winners being notified by e-mail.

If you’re thinking of selling or letting your property and want to win one of these great prizes on offer call (01327) 359164 and speak to our sales or lettings team.

Until next time.

Craig Bees, MD Bartram & Co

E-mail me at craigbees@bartramandco.co.uk

Visit our website www.bartramandco.co.uk and follow us on Twitter@bartramandcotow

Tel: (01327) 359164

Fax: (01327) 359166

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