Bournemouth Estate Agent Report on Housing Market Rise, Making the South Coast Town the Second Highest in UK.
Research conducted by Halifax yesterday showed that the Gloucestershire town of Cheltenham was the top area where the average price of property rose more than five times the average national rate. Bournemouth were proudly second on the list increasing by 11.7% proving once again why Bournemouth is such a sought after area to live in and the market is truly booming compared to previous years. Now the average price for a home will set you back £273,687 depending on the type of property and area of Bournemouth.
This week, the CEO of Bournemouth Estate Agent Lovett International, Maximillian De Kment was asked to feature on the Meridian ITV news explaining just why the area is getting bigger year by year and what it means for the town to have the market at such a great position.
Lovett have been one of the most reputable and longest running Estate Agents in Bournemouth and we have seen many changes throughout, so it was a pleasure to explain why this is happening now.
Maximillian mentions ‘Bournemouth prices are rocketing due to its now worldwide audiences. AFC Bournemouth have been playing in the Premiership for 3 years and this has attracted major brands and regeneration. Also, being voted the No 1 tourist destination in the country throughout the years has contributed into making the town more recognised, bigger and better’.
However, where there is disappointment for first-time buyers now not being able to afford the areas they desire, a higher property market for sellers means it’s a fantastic time to sell and properties are achieving top prices.
Posted by Maximillian Ziegfried De Kment on Tuesday, 2 January 2018
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