Electing for confidence
SINCE the General Election was called, and in spite of the Easter break usually bringing a seasonal downturn in house selling activity, estate agent Strutt & Parker reports that business continues apace, confounding all expectations.
March proved to be a fantastic month with the number of transactions up by 86% over the previous month, and by 40% year on year.
Too good to be true? The first quarter of this year has seen the emergence of a number of hot spots where homes have been selling for as much as, or even more than, they would have fetched in 2007.
Andrew Rettie, head of the agency in Scotland, says: “Supply of really good homes has been thin and buyers are starting once again to pay figures above guide prices to secure the right house. Of late we are seeing a marked increase in the number of instructions.”
Compared to last year, market appraisals for intending vendors are up by 85% and new instructions have trebled.
Andrew continues: “Indications from all our offices thus far suggest that the announcement of the election has not had a major impact on activity. While I am hoping there will be a definite resolution to the election – in other words, we do not want a hung parliament as it creates uncertainty – the market is remaining firm in the run-up, which we would not normally expect.”
All signs are that the market will remain buoyant throughout the summer months, he adds. CERAMICIST Tom Butcher and his wife Fiona arrived in Scotland eight years ago amid a flurry of media coverage because they were one of the first couples to appear on Channel 4’s Relocation, Relocation programme. Their journey from cosmopolitan London to peaceful Loch Long was watched by millions. Happy times and two children – four-year-old Daisy and two-year-old Ollie – later, Tom's business is thriving. This lovely rustic sugar bowl, at £15, is one of many delightful pieces from Mansefield Studios, Arrochar, tel: 01301 702956 or www.tombutcherceramics.co.uk