Post by Poundbury on Mar 16, 2009 14:09:12 GMT 1
www.landgazette.co.uk/index.php/rural-agency-/245-recession
Prime Purchase says what makes a 'recession busting' property
Written by John Vaughan
Friday, 13 March 2009 17:42
Two medium sized provincial towns have been the least affected by the on-going recession, according to figures released today by Zoopla.co.uk. While the figures show that the average UK home has lost £100 per day every day since 1 March last year, the Suffolk town of Woodbridge, and Dorchester in Dorset, are revealed as bright spots in the gloom.
Average house prices in Woodbridge, according to the figures, have only fallen 7.4 per cent in the past twelve months; while those in Dorchester fared a little worse, being down 9.85%
Prime Purchase, the specialist acquisition agent, generally buys country properties over the £1 million mark on behalf of their clients. However, Sarah Broughton of Prime Purchase in East Anglia and Robin Gould, who covers the West Country, are unsurprised that Woodbridge and Dorchester have scored well as a ‘bright spots’ in the UK.
Broughton says: “Woodbridge is one of the favoured towns in Suffolk with the closeness of the coast, and the good communications. This has meant that buyers in Woodbridge in the last 12 months have been prepared to accept that to secure a property, they have not been able to negotiate as hard as in other parts of the county”.
Gould adds: “Dorchester is an extremely attractive town that has a mix of good housing including Poundbury, which is now into its second phase of development. Our top-end buyers tend to want properties in the Dorset countryside but there are some fine houses in Dorchester that rarely come on the market and usually command a premium when they do”.
Prime Purchase says what makes a 'recession busting' property
Written by John Vaughan
Friday, 13 March 2009 17:42
Two medium sized provincial towns have been the least affected by the on-going recession, according to figures released today by Zoopla.co.uk. While the figures show that the average UK home has lost £100 per day every day since 1 March last year, the Suffolk town of Woodbridge, and Dorchester in Dorset, are revealed as bright spots in the gloom.
Average house prices in Woodbridge, according to the figures, have only fallen 7.4 per cent in the past twelve months; while those in Dorchester fared a little worse, being down 9.85%
Prime Purchase, the specialist acquisition agent, generally buys country properties over the £1 million mark on behalf of their clients. However, Sarah Broughton of Prime Purchase in East Anglia and Robin Gould, who covers the West Country, are unsurprised that Woodbridge and Dorchester have scored well as a ‘bright spots’ in the UK.
Broughton says: “Woodbridge is one of the favoured towns in Suffolk with the closeness of the coast, and the good communications. This has meant that buyers in Woodbridge in the last 12 months have been prepared to accept that to secure a property, they have not been able to negotiate as hard as in other parts of the county”.
Gould adds: “Dorchester is an extremely attractive town that has a mix of good housing including Poundbury, which is now into its second phase of development. Our top-end buyers tend to want properties in the Dorset countryside but there are some fine houses in Dorchester that rarely come on the market and usually command a premium when they do”.
