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September Property Market Update

Richard Hutcheon
21/09/2007 Richard Hutcheon BSc (Hons) Head of Sporting Richard is head of sporting at our Worcester office and responsible for all aspects of property sales and lettings.


Set pic“Tentative house buyers alerted to proposed changes in interest rates and constrained household budgets may postpone buying in an unsettled market” comments Richard Hutcheon, Head of Country Property Sales at Fisher German’s Worcester Office.

However, farms, rural smallholdings and properties for refurbishment continue to demand significant interest irrespective of their size and location.  In addition, and regardless of a shortage in the supply of development opportunities, developers also prop up a decreasing market as the demand for residential period property with potential continues. 

Richard adds “two of the Worcester offices’ recently marketed properties, including a smallholding and a Grade II listed period property for refurbishment in Worcester’s City centre, both necessitated going to “Best and Final Offers”.  Both sold well in excess of their guide prices confirming investment and rural purchasers appear still plentiful”.

Worcester city centre is currently experiencing regeneration and its central location provides an excellent base for both weekend homeowners and residents alike.  Birmingham International Airport is within an hour’s drive and mainline rail links Worcester to London, Paddington attracting city buyers looking for a rural Worcestershire address.  Sensibly priced attractive properties should, irrespective of the markets general perception, continue to demand viewings.

The Worcester office is also bringing to the market two significant instructions totaling nearly £4m including a ½ Acre development site at Tewkesbury Marina for 8 waterside dwellings.  The site is still expected to attract significant interest despite recent flooding events, during which the multi-million pound Marina weathered the storm and the development site remained dry.

Related ViewsProperty Market Update April 20082008-04-23 | Hugh Maxfield BA (Hons) MRICS FAAVThere are still plenty of good news stories despite the current volatility in the property market. Property Market Update March 20082008-02-29 | Richard Hutcheon BSc (Hons)For many financial forecasters, 2008 was due to see a significant depression in property transactions and market interest generally. So, were they right? The Telegraph quoted on this leap day that...Homes for sale versus homes for rent 2008-01-08 | Yan Gittins BSc MSc MRICS FAAVYan Gittins from Fisher German's Worcester office comments on the merits of letting/renting property in an uncertain marketsuccessful property sales in a changing market2008-01-08 | Richard Hutcheon BSc (Hons)Richard Hutcheon at Fisher German’s Worcester Office reveals how to secure a sale in a challenging market.October Property Market Update2007-10-18 | James Pegrum BSc (Hons) MRICSJames Pegrum head of property sales in our Stafford office looks at the recent success of rural land sales
Related NewsKnutsford team appointed as agents for Vale Royal Abbey Apartments2008-05-08Superb period property new to market2008-05-08Interest continues for farms and small holdings2008-01-08Barn development opportunity, Shrewsbury 2007-11-15Conington Estate - ready for take off2007-11-15


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