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House prices in Devon and Cornwall on the increase - but slowly

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Saturday, March 02, 2013
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Western Morning News

House prices edged up for the first time in five months as the market remained flat, new figures have revealed.

South West prices saw a 0.8% month-on-month increase to reach an average of £172,311, according to market trend data released this week by Land Registry.

  1. Exeter Estate Agents window

The latest figures released for January follow a 0.6% drop in December and come in the context of a 0.2% rise over the past year.

Nationally, house prices increased by 1% month-on-month to reach £162,441 as analysts said there had there had been "tentative signs of a pick-up" in recent months.

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David Robinson, branch manager of Stags estate agents in Launceston, described the Westcountry market as "broadly flat but price-sensitive".

He said: "There is a lot of activity taking place and buyers are focusing on value for money. The South West market is, for the first time in a long time, competing with other parts of the UK including West Wales, Norfolk and Suffolk."

Richard Copus, a Devon estate agent and spokesman for the National Association of Estate Agents, said: "In the last 12 months the market has been a little more back to normal. Prices haven't really changed at all and are practically as they were at the end of 2005.

"The market is healthy and stable. Brand new houses are selling like hotcakes. People are starting to downsize now rather than carry on waiting, in line with a slight increase in overall transactions.

"No-one knows what the market will do in the long term, but I'd expect a few more nice rural properties to become available in the spring. Things are slowly picking up."

Last week the National Association of Estate Agents (NAEA) said the year had started strongly for first-time buyer sales, with one quarter (25%) of sales last month made to this group, marking a two-year high.

Mark Hayward, president of the NAEA, said: "The financial barriers that have plagued the market for so many years may be beginning to ease as banks increasingly look at new ways to assist buyers."

The number of mortgages on the market has increased by around one third since the Government introduced its Funding for Lending scheme in August, giving lenders access to cheap finance to help borrowers.

Robert Gardner, Nationwide's chief economist, said improvements in the job market would bolster demand from potential buyers amid better mortgage conditions.

"There are reasons for cautious optimism that activity will gather momentum in the months ahead," he said.

"However, progress is likely to be gradual, as stubbornly high inflation will continue to exert pressure on household budgets.

"Moreover, buyer confidence is likely to remain fragile until there are signs that the wider economic recovery is firmly entrenched."

Figures released by Halifax for the South West showed that buying was cheaper than renting in December, with average monthly buying costs at £697 – while average monthly renting costs were 5% higher at £737.

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25 Comments

  • Profile image for Charlespk

    by Charlespk

    Wednesday, March 06 2013, 10:06PM

    “I'm too smart for you that's for sure.

    That's why I pay so much tax and have an interest in it not be wasted on the undeserving.”

  • Profile image for Doitdreckley

    by Doitdreckley

    Wednesday, March 06 2013, 8:51PM

    “Charles, you don't argue anything: you just post links.”

  • Profile image for Charlespk

    by Charlespk

    Wednesday, March 06 2013, 12:26PM

    “I'm never wrong except if I'm arguing with my wife. Then of course I'm never right.”

  • Profile image for Caligula

    by Caligula

    Wednesday, March 06 2013, 10:35AM

    “.

    @ Charlespk

    You would know all about insults and failure of education wouldn't you.

    .”

  • Profile image for omnivore23

    by omnivore23

    Wednesday, March 06 2013, 9:33AM

    “What Churchill actually said was:

    "The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries."

    This of course is a good deal more nuanced recognition of the weaknesses of both systems than Charles rather selective quote suggests. No wonder Churchill gets such a bad press among some on the left.

    But then if we all accepted that just occasionally we might all be a bit right and a bit wrong at the same time - these forums would be much less fun, wouldn't they? Now where did I put that cat?”

  • Profile image for Charlespk

    by Charlespk

    Tuesday, March 05 2013, 9:11PM

    “Unadulterated socialist sophistry.

    The reality:-

    http://tinyurl.com/dbwfmp

  • Profile image for Doitdreckley

    by Doitdreckley

    Tuesday, March 05 2013, 7:35PM

    “The lack of freedom extends beyond those on benefits to the low paid/those who are not recognised for the role that they play in society. Big Ger seems to suggest that people choose to be on benefits or low wages. I daresay that applies to a few but that is a convenient myth to peddle. If there are no jobs/well paid jobs moving from benefits is easier said than done. The suggestion that those on benefits should have no rights smacks of the kind of scapegoating that Hitler peddled 70+ years ago.

    The war illustrated to the few the social conditions of the many. How ironic that the welfare state that was won and paid for with worse levels of debt that we had now in the teeth of opposition from Churchill and the Conservatives .”

  • Profile image for Charlespk

    by Charlespk

    Tuesday, March 05 2013, 8:54AM

    “You have managed to insult an entire Nation with that post.

    One thing there wasn't during wartime was Class War.

    I guess we'll just have to put it down to the failure of our education system.

    "Never in the field of human conflict was so much owed by so many to so few."

    http://tinyurl.com/37dh86g (open in a new window)”

  • Profile image for Caligula

    by Caligula

    Monday, March 04 2013, 9:32PM

    “.

    Yes and luckily we had an army of working class people to win the war for us, they didn't fight for the idle rich of this island they fought for indoor bathrooms, social security and a national health service.

    Before Action
    by Lieutenant William Noel Hodgson, MC, 29th June, 1916

    By all the glories of the day
    And the cool evening's benison
    By that last sunset touch that lay
    Upon the hills when day was done,
    By beauty lavishly outpoured
    And blessings carelessly received,
    By all the days that I have lived
    Make me a soldier, Lord.

    By all of all man's hopes and fears
    And all the wonders poets sing,
    The laughter of unclouded years,
    And every sad and lovely thing;
    By the romantic ages stored
    With high endeavour that was his,
    By all his mad catastrophes
    Make me a man, O Lord.

    I, that on my familiar hill
    Saw with uncomprehending eyes
    A hundred of thy sunsets spill
    Their fresh and sanguine sacrifice,
    Ere the sun swings his noonday sword
    Must say good-bye to all of this; -
    By all delights that I shall miss,
    Help me to die, O Lord

    Serving with the 9th Battalion the Devonshire Regiment, Lieutenant Hodgson was on the Somme battlefield in June 1916 preparing for the Battle of the Somme. The scheduled date for the start of the battle was originally to be August 1916, but had been brought forward to the 29th June, 1916. Owing to bad weather in the week building up to the battle the date of the attack was postponed at 11.00 hours on 28th June and moved by two days to the morning of 1st July 1916.
    It is believed that Noel Hodgson wrote the poem "Before Action" on 29th June

    In the early hours of the morning of Saturday 1st July 1916 William Noel Hodgson was in position with his comrades, anxiously waiting for Zero Hour at 07.30 hours. Due to the severe damage from German artillery fire the British Front Line trench was unsuitable for the battalion to assemble in ready for the attack, so the men were about 250 yards behind the British Front Line trench. At Zero Hour the men of 9th Devons advanced from their position behind the Front Line trench, with the 2nd Battalion Border Regiment on their left and the 2ndBattalion the Gordon Highlanders on their right.

    The 9th Devons had about 400 yards of No-Mans-Land to cross in the Carnoy valley before they could attempt to break into the German Front Line south of Mametz village. As soon as the first men of the Devons reached No-Mans-Land they were exposed to fire from German machine guns. Many were cut down in No-Mans-Land and the battalion suffered heavy casualties. Lieutenant Hodgson was Bombing Officer in the attack. He was responsible for keeping the men supplied with grenades during the attack, which would be especially important if they got into the German positions. Within an hour of the attack it is said that Lieutanant Hodgson was killed. He was aged 23. He would never again see a sunset.”

  • Profile image for Charlespk

    by Charlespk

    Monday, March 04 2013, 9:17PM

    “No he didn't.

    What he said was, "We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender."

    He also said, "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."”

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