THE coastal property market is bucking national trends with a big increase in sales, estate agents are reporting.
In one Sutton on Sea street five sold signs are standing tall showing that the current economic downturn doesn’t have to set the way for the rest of the country.
The news comes as a surprise while thousands around the country struggle to sell despite prices falling by an average 2.6 per cent in the past year and further declines being predicted.
Ian McCarthy, estate agency director for YourMove in Sutton on Sea said things are looking up for the coastal housing market.
He said: “We’re seeing positive signs of activity with for instance Hillside Avenue in Sutton on Sea having five sold boards all at the same time.
“It still continues to be the case that most buyers are from the midlands, surrounding areas and even several returning from abroad, attracted to the coast by low housing prices and a gentle pace of life.
“With the Government promising help for first time buyers let’s look forward to a better and brighter 2012.”
Gill Sargisson of Turner Evans Stevens in Sutton, said her firm had enjoyed similar success of late.
She said: “Property is certainly moving at the moment. We have had 22 offers on properties in the space of three weeks, and we are still incredibly busy which, in the current economic climate, is very encouraging.”
And David Barton, from David Barton Estate Agents in Mablethorpe, had similar thoughts: “October can be a busy month in the housing market and this year has proved no exception, viewings and sales having shown a marked improvement.”
Is the worst of the property slump over? Text the Leader on 61500. Start your message with LOP LLNEWS followed by a space and then your message, please include your name and address. Texts costs 25p plus your standard network charge. Full terms are on page 2.