(Featured Property – West Parley, Ferndown – £775,000)
January has proven to be a busy month despite the consistent negative news surrounding the economy. The headwinds remain challenging but there is some positive news to focus upon.
Activity levels in both the sales and rental market have remained at a positive level.
Whilst many reports point to an increase in the average asking price of property in the Dorset Area, it remains imperative to market your property at a realistic price to entice the buyers or tenants to view. With all the economic doom mongering, buyers are cautious that they do not overpay in an uncertain landscape.
Edwards – Properties For Sale
House for Sale in Ferndown – £775,000
House for Sale in Wimborne – Guide Price £625,000
The fact remains the correctly priced properties produce good interest and offers when marketed correctly at the start.
Buyers and tenants are privy to enormous amounts of data and comparable evidence, far more than many years ago and therefore better informed.
With the uncertainty surrounding the economic outlook, the welcomed interest rate reduction to 4.5% is sure to improve market conditions and it appears that there will be a program of reductions throughout the year.
These reductions will certainly reduce the costs on those looking to move or indeed those coming to the end of fixed rate deals which were at considerably lower rates and causing alot of concern for many people.
Edwards Properties For Rent
Flat Let Agreed in Wimborne – £1,850 pcm
House Let Agreed in Townsend – £2,300 pcm
There is speculation that the government is set to ease the parameters surrounding affordability regarding mortgage lending.
Whilst any potential change must be carefully considered in relation to the importance of responsible lending practice, there is no doubt that many
are struggling to meet the current restrictions in place. Any ease on the criteria is sure to boost activity in the coming months. Whilst Dorset does
have a consistent level of cash buyers, many families are having to consider the costs of living when looking at affordability and potentially moving.
There are concerns surrounding the incoming changes to the rental market and Renters Rights Bill and there is a noticeable reduction in properties available in the Dorset area. Some of the changes can be perceived in a positive light but additional thought must go into any suggestions surrounding the restrictions of payments of rent upfront and the effect this has on tenants who are unable to satisfy the referencing
process.
The rental market in Ferndown, Wimborne, Verwood and surrounding areas remains buoyant with properties let rapidly and generally a choice of
tenants.
Event Calendar
Check out some of the events this month.
Tank Museum
The Theme for half term is Camoflage in Combat! Investigating how tanks kept themselves hidden on the battlefield, from WWI to present day. Read more >
Snowdrop Festival
Shaftesbury is known as the first snowdrop town! A popular location choice for seeing snowdrops, from late January until mid March. Varieties include rare and unusual Galanthus species and cultivars. Read more >
Teddy Bear Zip Wire Corfe Castle
Take your own teddy flying down the teddy bear zip line! And take part in the family quest to help William the Conqueror discover how a castle is built. Read more >
Durlston Country Park
There are a range of activities in Swanage for February Half Term. Durlston Country Park Wild Play Trail, or a romatic Valentines Day stroll and lunch at Seventh wave. Read more >
ILLUMINATE at The Blue Pool
There is over 1km of professionally staged illuminations, lighting the woodland trails. Read more >
Thank ABBA for the Music
Lighthouse Poole, grab your platforms and flares for a journey back in time! Expect all of the iconic hits! Fancy dress optional, but encouraged. Read more >