Many people holidaying by the coast each year, may well dream of owning a place by the sea. With the length of the British coastline estimated to be over 11,000 miles - the stunning shores of Cornwall supplying nearly 300 miles' worth - potential buyers should have no shortage of options!

Our analysis shows that properties near the coast can command significant premiums to properties located further inland, averaging 44% in the past two years. However, property owners in the rest of the country should not dismay as it is not just coastal properties which attract a premium. Our research has also determined that homes close to rivers, canals or other waterways attracted an average premium of 19% over the past two years. 

​We have a large number of properties available, both for sale and to let, which have either a sea view or a within walking distance of one of Falmouth's stunning beaches. Click here to view our available properties. 

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WITH INTEREST RATES SET TO RISE THIS MONTH, LET'S TAKE A LOOK AT THE HISTORY

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With inflation running ahead of target, there is a small chance interest rates might be raised to help manage this, although on balance the uncertainties in the economy still make this unlikely.  

 

After a decade of exceptionally low rates, there is likely to be a significant impact on housing market sentiment when the tide finally turns and rates start to rise once more.

 

HM Treasury consensus forecasts (which track over 30 economic forecasters) expected interest rates to still be 0.25% at the end of 2017, however this may no longer be the case as interest rates are set to rise as of next month.

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HOUSE VALUES ACROSS THE UK

House prices across the UK rose by 5.1% in the 12 months to July according to the ONS, unchanged on growth in the year to June.

Average prices are currently rising most strongly in the East Midlands which has seen 7.5% growth in the last year. The average asking price of properties coming to the market fell by -1.2% in September according to Rightmove, the first September fall since 2013. The fall was exacerbated by London and the South of the country. They report that demand for properties remains solid, however, with sales levels up 4.8%, compared to a year ago.

The September 2017 RICS UK Residential Market Survey suggests prices will remain largely unchanged in the short term although surveyors are particularly cautious about London and the South East. Over the longer term agents expect to see some growth in values all regions with the exception of London.

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LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

LETTINGS

A VIEW OF THE LETTINGS MARKET

Close to one fifth of all households in England and 14% of households in Scotland and Wales live in private rented accommodation. Using results from the monthly Royal Institute of Chartered Surveyors survey of agents, we take a look at how agents view the current state of the rental market. Much like the sales market, the quarterly (seasonally adjusted) figures from the RICS survey suggest a subdued rental market. Agents expect rental growth to be low over the coming months and in London, agents continue to expect rents to fall.

Back in October 2016, a net balance of 28% of agents expected average rents to rise over the following quarter but by July 2017 the net balance expecting rental growth in the next quarter was just 10%, the lowest level since mid-2009. Agents report a marginal increase in tenant demand over the quarter but at its lowest rate for nearly twenty years.

Over the same period, landlord instructions declined, with a net balance of agents reporting a fall in listings. The story was reversed in London where a small net balance of agents reported a rise in listings but a fall in tenant demand. Affordability remains a key pressure on the London market. While agents’ expectations are low for the short term, the outlook improves over the longer term. Nationally rents are expected to rise by just under 2% over the next year, but rise to an average of just over 3% per annum by 2022.

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Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

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