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14 April 2015

King West

Property Market Bucking the Trend

Last month saw the strongest activity on record for property valuations in any month since 2007 up 36% on a monthly basis.

New forecasts released by the Centre of Economics and Business Research are revising house price growth upwards across the UK. “December stamp duty changes, as well as rising household incomes, are lifting prices in many parts of the UK” says Nina Skero, economist at the CEBR in the online publication Estate Agent Today.

A recent ‘Open House’ event for a property King West have on sale in Stamford, at 56 High Street, St. Martins, Stamford, saw 18 people visit in a one-hour window. “This is a phenomenal response,” states Jonno O’Shea, Director at King West, “We are seeing a vast increase in requests for valuations, the volume of people looking for new homes and also those putting their houses on the market. Spring 2015 is projected to be a very busy time in the residential property market and this is certainly true of the appetite for sale and purchase in Stamford.”

Stamford was recently awarded 3rd position in the Telegraph’s Top 20 places to raise a family where the centre was described as a ‘lovely old market town.’ With the film festival at Burghley Park every August, Rutland Water nearby and a plethora of independent boutiques and shops, Stamford really is a jewel in rural Lincolnshire.

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