Static prices make town place to buy
SWINDON is currently the place to move for young house buyers looking to get on the market.
While prices elsewhere in the country are rising, properties in Swindon have remained fairly steady in recent times.
This has made it the ideal location for young professionals and families looking to take the first steps on the property ladder.
Simon Rosser, of Swindon Homes Direct, says it is a bit of a mystery why the Swindon market has acted differently to others nearby, including Reading and Bath.
He said: “If I’m honest it’s quite hard to pinpoint the exact reason, but we have seen prices rise in certain places but stay steady here.
“Swindon is an ideal location for younger people who may be looking to commute either to Bristol or Reading to work.
“It may be that Swindon does not have the draws for people that other towns may have, so the demand for houses is down.
“Swindon seems to be sitting in a little bubble.”
The local plan is currently in the process of being negotiated between the council and the Planning Inspectorate and, if successful, will see space allocated for the building of more than 20,000 new homes around the town by 2026, with many of them family homes.
Simon believes the extra houses will benefit Swindon but that it is important they are built in the right place.
He said: “More houses on the market will be be a good thing but we need to be careful where they are built. A lot of the proposals are on green land and we need to ask whether this is what we really want to do.”
Simon says it is not yet possible to assess the full impact in Swindon of the Help to Buy scheme for home buyers launched earlier this month.
He said: “People easily forget just how difficult it was to borrow money several years ago, so in that respect it is a good thing, but currently there are only six lenders offering it.
“The downside is the increased level of interest rate charged. It is for buyers to make a decision on which choice they make.”
Your home valued and a chance to win prizes
In tomorrow’s Swindon Advertiser we will have a special supplement to kick off our Property Valuation Week.
The supplement will feature estate agents from around the town and what they have to offer.
On Monday we are inviting homeowners in town to have their property valued with one of our participating estate agents to be in with a chance of entering our free prize draw to win a £150 High Street Voucher, a £50 John Lewis gift voucher or a bottle of champagne.
Participating agents are Charles Harding in the town centre, Gorse Hill, North Swindon and Old Town, Atwell Martin in Old Town, Castles in Commercial Road, Chappels in Victoria Road, McFarlane in Cricklade, Wroughton and Old Town, Parkers, The Property Shop and Swindon Homes Direct in Commercial Road.
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