H&H Land & Estates Head of Estate Agency, Kate Patrick reports on the April market with positive news of a more normal market for buyers and sellers.
Demand for properties in Cumbria and the surrounding areas has been strong in April. Many of our buyers have been waiting for the right property. They have sold their house previously and are renting with cash in the bank ready to go, especially in the Penrith, Cockermouth and Kendal areas, and there is still a high demand for more rural properties, particularly in those areas.
Rightmove statistics show a significant 2.2% rise in average asking prices across the county, and a steep rise of 6.5% in Carlisle. With the recent interest rate hike, however, buyers are still looking for a bargain, and in certain locations properties are becoming quite price sensitive. Sellers must be prepared to be realistic in order to attract a serious buyer.
There is a continuing shift in popular demand from 3-bed semi-detached to 4-bed detached houses. This has been evident for some time, but the trend is growing, and there is a particularly strong interest in 4-bed detached houses with nice gardens and/or in rural locations.
There has been high demand for the right houses in April in areas already indicated above, with particular interest in the Eden Valley. As always, Spring brings a surge in activity, with new properties coming to the market looking their best with flowers in bloom and long hours of daylight showing off interior spaces to their best advantage.
With a highly specialised understanding of the property sector across the North of England and the Scottish Borders, H&H Land & Estates have a well-regarded reputation for selling all types of property across the region. For more information visit their website at www.hhlandestates.co.uk.
