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The East Midlands Continues To Be Bright

As ever the demand from prospective buyers across the residential spectrum throughout the East Midlands is extremely strong. Needless to say the renowned East Midlands ‘ Hot-Spots’ being the pretty, well serviced ( i.e Great Pub, local shop, or school ) are firmly the target for both downsizers and upsizers. Of note, we are being specifically retained to search for prime property affording easy access into the popular historic market town of Oakham and Uppingham. This can be attributed to the superb schooling facilities, attractive countryside and high quality of living. Out of county applicants are extremely active many having put their own property on the market, capitalising on a strong increase in ‘Southern’ values over the last 3/4 years and relocating to the East Midlands, allowing them to purchase a larger all round better main property for their money and still have surplus money to invest generally or in some circumstances purchase a second home. Transport facilities, local schooling, access to major road networks are certainly the main pre-requisites on the majority of new applicants shopping lists. Overall quality of life and convenience are the key demands.

NOTTINGHAM FOCUS
The ever ‘ hot ‘ west bridgford market place continues to thrive with buyers a plenty especially for the sought after premium roads. School catchments and properties that offer ‘ enhancement ‘ potential through aesthetic improvement or extension / alteration involving more serious application are the ‘ Golden ‘ nuggets. Again lifestyle and convenience being the key priorities for purchasers. Without doubt there are many other ‘ hot ‘ spots in the city . For us recent consistent activity with a number of ‘ off – market ‘ buy to let investments and townhouses in the castle marina and also ‘ the park ‘ reflects strong confidence from those backing property as an their preferred investment in addition to their main home. Parents assisting their children whom are continuing onto secondary education has been especially busy in Q1 of 2015. Easily maintainable, well located property is where their search focuses. For those moving out of central Nottingham our most popular requirements focus on the South Nottinghamshire villages in particular, Ruddington, Plumtree, Normanton, Cotgrave, Cropwell etc.

PENSION CHANGES
Of course the highly publicised welcomed pension law changes that come into play on the 1st April 2015 logically should have an impact on the national UK property market. Over 55’s choosing to cash a lump sum or receive an earlier income from their pension will certainly be considering fresh investment in property as a buy-to-let or helping their children get on to or climb the property ladder. To what degree these new pension laws will contribute to and stimulate the overall market is debatable but one thing is for sure we at Kirk Estates covering the East Midlands are set for a busy year with service, service and service being our ethos !

SUMMARY
We were pleased to announce exceptional sale results for vendor clients in Q1 2015 both in terms of price and timeframe for the popular vale of Belvoir region with continued demand for the ever popular villages both in Nottinghamshire and Leicestershire. Having sold some fantastic varied properties in these villages we certainly require further supply with some excellent buyers waiting in ready and able buying positions. As the key ‘Spring’ season is upon us there is no doubt all the signs make for a busy East Midlands market place. Healthy demand from families on the move, many feeling more comfortable and secure in their jobs / careers and wanting to step up to the next rung on the ladder. Lower fuel costs and overall improved confidence is absolutely apparent.Get in touch with our dynamic #TeamKirk 24/7 !

Managing Director, James Kirk

Sonara Studios 1496

Posted on: 30th March 2015
Category: Kirk Estates
The East Midlands Estate Agent