South West Homes – The new ‘in’ thing
Published Mar 27th 2013
2 mins read
South West Homes are becoming increasingly popular, with house prices in London continuing to soar to beyond 2007 levels, many people are looking to the South West, having always provided those that live there with some considerable benefits. Whatever your reasons for living in or considering a move to the area, be it the consistently high quality of life, the beautiful and varied countryside, the good quality of education provided by either private or state schools or the relative value of property in the region, the South West has so much to offer. Garrington Property Finders have for many years helped clients fulfil their dream of a move to the South West.
Right now there is even more incentive to move to the South West if you own prime central London property. Over the past three years property values in prime central London have risen by around 50%, whereas the South West property market has witnessed much less equity growth and prices as we start 2013 being only a few percentage points higher than they were back in 2009.
For those considering a move out of central London to the South West or the purchase of a second home in the region, the increase in the value of their London home over the past three years could provide the finance to buy a much bigger house or to free up capital, whilst still securing a prime South West property. A house in prime central London with a value of £3m would now be worth in the region of £4.5m. The increase in equity value alone of £1.5m would stretch a long way in the South West and enable a buyer to secure a very substantial Country House with land in Somerset, a Georgian Town House in the beautiful Roman city of Bath or a substantial Victorian Villa in the vibrant and increasingly popular city of Bristol.
Interest from London buyers to invest in the South West continues to grow steadily as savvy buyers become ever more aware of the benefits of living in the region and recognise the great value a South West property offers. This is supported by the great transport links, which are set to further increase with the electrification of the mainline railway from London to both Bristol Parkway and Bath Spa. Thus making a daily commute into London a reality for many.
There are currently many opportunities for London buyers to secure a slice of the good life that the South West has to offer and some truly stunning properties. If you are looking to purchase a property in the South West, engaging a property finder such as Garrington to act on your behalf adds further credibility to your position, as agents and vendors alike know that we only work for committed buyers. Contact Garrington, we would be very happy to listen to your requirements, provide professional advice and opinion on market conditions in the areas of the South West you are considering buying in and to help you find and secure a great South West property.