MARKET APPRIASAL

Country Property Demand Exceeding Supply

We have seen a strong demand for ‘Escape to the Country’ type properties during the last 18 months, with numerous enquiries from people looking for a lifestyle change and to relocate from the major population centres, both in Devon and further afield, to quieter rural areas. Properties of this type, when priced correctly, are selling very quickly and are still incredibly sought after with many applicants having cash ready and waiting.

Kitson Boyce LLP
Empire Removals South West Ltd

Multi-generational living seems to be another popular choice; an annexe or the opportunity to create one from outbuildings is a frequent request. The rise of the stay-cation has meant that an annexe is now considered as a potential substantial source of income, whereas previously, it was merely seen as somewhere to house an elderly relative. An annexe also allows people who have moved far away from friends and family to have them visit, while allowing the owners to enjoy their own space. 

Another benefit is the opportunity to create an office space; despite many people going back to the office, there has been a huge increase in flexible working arrangements, and more people than ever are working from home. 

Properties with land are also proving desirable; many buyers are looking for a paddock or two as space around their new home is considered a priority. The popularity of television programs such as ‘Clarkson’s Farm’ and ‘A Country Life for Half The Price’ have increased the interest people have in rewilding and growing their own food, and we see no reason for this trend not to continue.

There is also the potential to use this land to generate an income – enquiries regarding the possibility of siting shepherds’ huts, glamping tents, yurts etc. (subject to obtaining planning permission) have rocketed this year. 

Smaller homes have also been selling well; there will always be demand for sub £250,000 homes for first time buyers and local people on limited incomes. 

This year these have been selling to registered applicants within days, sometimes hours, of marketing and again, demand far exceeds supply. 

All in all, it is a very good time to consider selling your property, whatever its size, as there are plenty of people still searching for their own bit of Devon.

So please do give us a call and we would be delighted to come and see you.