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Update January 2016

By Nick Gale

2016 has got off to fantastic start with strong demand . The Stamp duty changes that come in on April 5th are having an effect and buying activity has certainly increased in order to miss the 3% increase on second homes. This increase in activity is not confined to apartments, we are also seeing house purchasing as part of this trend. Stock levels are amongst their lowest levels in a decade with prices for prime City centre property both houses and apartments is going to continue to strengthen.  Increases in prices as ever are hard to predict but 10% increase in 2016 is very much in the ballpark.  The country market has improved in 2015 and we are expecting slightly more demand for 2016 looking for prime village property. We have a number of exciting houses and apartments launching prior to the Spring market. One of particular note is a superb detached house dating form 1840 which is just across the road from Sydney Gardens and the museum.  It has been in the same family’s ownership for 54 years and Crisp Cowley are proud to be offering it for sale on their behalf. We are inviting offers exceeding £1.35 million. I look forward to speaking with you soon about your move in 2016

Charles Everritt

Head of Residential Sales