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While some areas of the country may show a flat market, Hamptons country regions have seen a noticeable pick-up in interest since the New Year, with some predicting price inflation after a year of minimal growth.
Hamptons, who have offices primarily in the home counties, south and south east of the country, say there’s a new sense of urgency in the market. Viewings, offers, agreed sales and exchanges are all up significantly, both on the month and the 12 week comparison with last year (in the latter case, the figures are 11%, 10%, 29% and 15% respectively), a combination which points to the most encouraging selling conditions for three years.
The southern home counties and western region are seeing the greatest activity, with upwards movement in both demand and supply.
Lettings
Country lettings saw a busy month compared with the same time last year. Most of the activity was directed at appraising property with a 3% rise in new instructions and a 48% rise in re-instructions.
Hamptons’ country house division has seen a strong start across all regions, driven largely by city bonuses. With a benign outlook for interest rates and the increasing number of potential buyers, we are predicting a solid but not necessarily spectacular year for mid and upper-range property.
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