Health rise in home-hunting

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Promising Surge in Homebuyer Activity Signals Positive Outlook for Bolton’s Property Market

Cardwells Estate Agents observes a promising upswing in Bolton’s property market, echoing findings from Rightmove’s recent analysis. The data reveals a substantial increase in buyer demand, with a noteworthy surge of ss per cent recorded from the first two weeks in March to June 1 to 14. Managing Director Andrew Cardwell highlights the buoyancy of the post-lockdown property market, attributing it to pent-up demand unleashed following the easing of restrictions in mid-May. Over the past four to five weeks, Cardwells has experienced a notable influx of potential buyers, indicating a robust resurgence in market activity. This surge, Mr. Cardwell suggests, may stem from lockdown-induced reflections on evolving lifestyle preferences, such as the desire for properties featuring amenities like gardens or additional workspace.

Insights from Cardwells Estate Agents Amidst Rising Buyer Demand

Moreover, the latest figures unveil the average asking price of homes in Bolton for June, standing at £183,062. Mr. Cardwell expresses confidence in prospective buyers securing financial support to facilitate their property transactions. While acknowledging the prevailing record-low interest rates conducive to borrowing, he underscores the evolving lending landscape, wherein banks and building societies now impose stricter deposit requirements. Despite these adjustments, Mr. Cardwell remains optimistic about sustained demand levels and anticipates a flourishing market in the foreseeable future as lockdown conditions progressively ease.

 

 

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