Canterbury Tells A Different Story
With its continued high demand for housing and strong local economy, Canterbury looks well positioned to weather the current property market storm, reports Email4property.co.uk, the largest online network of local estate agents.
Email4property recorded an upward trend in house prices in Canterbury during the first half of 2008, continuing from the exceptional level of market growth recorded here in 2007. Buoyed by a robust local market and strong inward migration, Canterbury has bucked the current UK housing market trend, with a 2% increase in house prices so far this year.*
Terraced homes have traditionally dominated the property mix in Canterbury, but increased demand for housing led to a large number of new apartment schemes coming to the market in 2007. The Email4property house price index shows that apartments accounted for 36% of all home sales in Canterbury in 2007, which was a bumper year for transactions – total sales up 27% on the previous year.
David Bexon, Managing Director of email4property, comments:
“Canterbury offers wide appeal to homebuyers, who are keen to buy into its impressive history and status as a World Heritage Site. Traditional English towns and cities are holding their own in the current climate, resisting price falls and recording positive growth in many cases."
“Canterbury has its obvious attractions, with the cathedral, castles and museums bringing in a constant flow of recreational visitors, but in recent years its appeal has increased among young professional homebuyers. The local economy has grown substantially in this time, with thousands of businesses based in the city centre and plenty of job opportunities."
“Canterbury’s progression is reflected in the number of new apartment schemes that have appeared in the central districts over the past year, and how well these have continued to sell in the current market.”
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