North Devon Estate Agents come together to help the public understand the current property market.
Barr Financial has started ‘The Agent’s Insights’, a local in-depth analysis of the local property market. The survey is the first of a series of themed anonymous local insights which will be carried out each month. ‘The Agent’s Insights’ is distributed among all estate agents in North Devon in order to get a broad and honest view of the local property market.
The first month’s theme was ‘Prices’ and included local expert opinions of the future direction of North Devon house prices, industry-specific insights, and much more.
The principal of Barr Financial Ben Parry says; “The local property market is very different from the national market and getting an in-depth insight from a broad range of local professionals is priceless. Insights from a broad range of professionals who are living and breathing the local market are incredibly powerful, not just for the agents, but also for the local public. The feedback we have had just in the first month has been great, the local experts have given some interesting opinions which we believe will be valuable to all those who contribute”.
Each month ‘The Agent’s Insights’ shines the spotlight on one professional’s view to help the local public understand what is happening in their local property market.
This month it is Neil Phillips from Bond Oxborough Phillips who have 10 offices covering North Devon & North Cornwall:
“The property market has leveled out since the spring of this year and the indication is that it will continue this way for the next 6 months or so. The increase in Stamp Duty Land Tax for second home buyers has, without doubt, had a negative impact on the local market, whilst the cut in Stamp Duty charges for first-time buyers has seen an increase in activity, it has not been sufficient to counterbalance the market in general “.
If you are an agent in the local area and want to share your views, get in touch with Ben at Barr Financial at ben@barr-fs.com