CORNWALL HOUSE PRICES – MAY 2014

BREAKING – LATEST OFFICIAL HOUSE PRICE FIGURES ARE OUT – May 2014
Headlines – All Data supplied by HM Land Registry

  • 3.6% Annual rise (May 2013 to May 2014)
  • 0.6% rise month on month
  • 40% increase in volumes (February 2013 to February 2014 figures – current data not available at present)
  • Detached homes in the Duchy have risen 3.6% in the past 12 months
  • Semi’s have also increased 3.6%
  • Unsurprisingly, terraced homes have also increased… You’ve guessed it! By an average of 3.6%
  • And there are no prizes for guessing by how much the average flat has increased

FAQ:

  • “I’ve been on the market for a year with no interest, does this mean I need to increase my asking price?” – Almost certainly not. But, if you have been on the market for a year, you should certainly be talking to your estate agent about price amongst a raft of other reasons it may not have sold. See ‘My house isn’t selling, should I change agents?’
  • “House prices in my neighbourhood seem to have gone up by more than this/ less than this/ down. Why is this? “  – The figures given here are just average figures for the Duchy. Every town and village has its own micro-economic climate dependent on a whole range of factors such as the proximity of good schools, good employment prospects and, of course, access to our beautiful coast and countryside. Even within those towns and villages, there will be hot and cold spots of popularity. Your best bet is to talk to a good local estate agent for your area who will be able to give you honest, experienced advice.

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I welcome feedback so please feel free to leave constructive criticisms or ask questions below. If you could also take a second to rate my blog and pass it on to others who you think may find it interesting that would be great. Thanks.

Chris Wood of PDQ Estates Ltd

PDQ Estate Agents website

About Chris Wood: Chris is an estate agent with over 25 years of property experience. His business, PDQ Estates Ltd is based in Penzance and Helston, West Cornwall. He has worked with all sizes and types of businesses from single office independents to the management team and board of RBS and Tesco. A former President Elect of the NAEA and board member of NFoPP until he resigned in 2009, Chris has always championed the highest professional standards forestate agents in the UK. No stranger to the media, he has appeared on various programs including BBC, News 24, ITV, independent and BBC radio and is a regular contributor to trade journals, local and national Newspapers. Chris is on KloutLinkedIn Ecademy Facebook and Twitter Married to Amanda, they live in Penzance with their children who are slowly flying the nest, along with their three spaniels. In his spare time; Chris likes to keep fit and is a long-standing member of the Territorial Army. In 2010 he mobilised for a tour of duty in Afghanistan with 1 Rifles as part of 3 Commando Brigade.

Chris can be contacted on 01736 339143 / 01326 561561

 

 

 

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