An excellent
indicator, which is frequently overlooked, of an area’s Property market
is the number of times properties change hands.
There are around 9519 properties in EX1
and around 1439 have changed hands in the last 5 years. Their neighbours in EX3
may only have around 2581 properties, but of these around 504 households moved
during the last 5 years. This works out as around 19.5% of the area’s property
market changing hands, which is quite a bit more than Exeter’s figure of around
17.5%.
When I looked at our other neighbouring
towns, Crediton has seen around 1431 of around 8676 households change hands
over the same time.
This is around 6.1% less of the
population moving than in relation to Exeter.
This shows that when looking to buy,
you must cover every detail from the property to the area’s market before
making a decision, be it for yourself or as a buy to let investment.
If you would like to talk to us about
buy to let, please feel free to visit our office on South Street.
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