Newquay has become the most in-demand property market in the UK right now, according to Rightmove.
Newquay has been named the hottest on the sellers’ market, with 82% of all properties put up for sale this year already sold, according to property website Rightmove.
Newquay is a popular holiday town on the north coast of Cornwall. Known for sandy beaches, where waves from the Atlantic Ocean create strong surf.
Local estate agents relay that the busy market in Newquay is a mix of locals moving, people buying holiday homes and people who have decided to relocate permanently.
The average asking price for a home in Newquay stands at £351,398, but it costs a vast amount more for the hot properties by the sea and for those with special water views.
The housing marketing as lockdown restrictions ease
Rightmove said with the easing of coronavirus restrictions activity has increased in an already busy housing market.
Up and down the country almost two out of every three properties are currently sold subject to contract. With property up for grabs is down 26% on this time last year, the property website confirmed.
The number of new properties coming up for sale rose by 51% in March. But demand is continuing to outdo supply.
Rightmove’s director of property data, Tim Bannister, said:
“Suburbs are also faring well as some people move further out from the centre of cities. Both sale and rental properties in city centres have been suffering over the past year. With the usual appeal to live there has temporarily been taken away, leading to more stock than usual being available. But we may see these start to shift more quickly over the next few months as lockdown restrictions continue to be removed.”