As buyers are looking to move out of cities, seek more space and look to move to the country or seaside in rural areas as a result of Covid, the higher value properties in more rural areas of the country are seeing the benefit of the current strong property market. Properties with a value of over £1 million have traditionally taken longer to sell but currently these are highly sought after and we are certainly experiencing a surge in instructions in this price bracket from both cash buyers and those seeking finance.
Questions never previously being asked now feature things about broadband strength for those now looking to work more from home.
Traditionally, more expensive homes have taken far longer to sell than properties in the wider market, but the race for more space and leafier locations as more people work from home in the wake of the Covid-19 pandemic has led to a sales boom in the £1m price bracket, according to the UK’s biggest property website, Rightmove.
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