Helen Marsh quoted in The Telegraph on the cooling of the property market outside the commuter belt
Residential Property Partner, Helen Marsh, has been quoted in The Telegraph article, ‘How a property seller overpaid in the pandemic frenzy – then made a £300,000 loss.'
As the post-lockdown rush to leave the capital reverses and buyers look to return to London or more traditional commuter locations, some property owners that are looking to sell their pandemic purchases are finding their rural homes are worth less than they paid for them.
The fall in demand has resulted in the cooling of the property market in more rural locations, further fuelled by rising interest rates and the increased cost of living.
Helen Marsh comments "I’ve definitely seen people who rushed to move out of London and then realised they don’t like it, or that they have to do the commute to the office that they never thought they would need to do.”
The full article can be read here, behind the paywall.