Property Update: The Downsizers Market | Lodestone Property

Despite rising prices, demand for country properties hasn’t yet been met by a flurry of new properties coming on to the market. The continued imbalance in Somerset, like some of the other hottest markets in UK, naturally continues to strengthen prices of sought-after properties, as buyers compete to secure their dream home.  

Induced by the pandemic, there is a new focus on what a home needs to provide and a different sort of lifestyle is being prioritised.  Larger houses with good size gardens and the space to work from home are now top of the list.

The recent property boom has been brilliant news for homeowners with no plans to move anywhere larger or more expensive. For those planning to downsize, it’s an ideal time to sell.

As the holiday season draws to a close, September is traditionally a busy period for Estate Agents as people think about selling their homes again . And as the temporary cut to Stamp Duty rates comes to an end in September, we are hopeful that the next month will give a clearer understanding of how the market is set to progress before the year ends.

Should you wish to learn more about Lodestone Property’s thoughts on the current market, find out what your house could be worth or simply receive advice on the best move for you, Lodestone Property have experts across Somerset and Dorset who can help. Contact us.

back to news

Related Articles