Although property website Rightmove found that sellers across the UK cut property prices by 1.7 per cent in August, property prices in the East Midlands have bucked this trend. According to the Rightmove research, prices in the region actually increased in August.
Price rises in East Midlands defy national fall
According to the Rightmove figures, property asking prices in the East Midlands rose by 1.5 per cent in August, defying a two-month national fall. This fall across the UK has resulted from the over-supply and of homes and reduced buyer activity during in the summer holidays.
Rightmove found that the number of houses for sale per agent rose to its highest August level for three years.
Unusual incentives
With East Midlands prices on the rise, it could be the perfect time to locate to the region. And, a Grantham house builder is now offering an interesting incentive to London workers to relocate to the Lincolnshire town.
The Saxon Village development in Grantham is offering new investors a rail season ticket worth almost £6,700. The town is just over an hour from London King’s Cross by rail and houses in the development are cost significantly less than their equivalents nearer the capital. The aim is to encourage London based workers out of the city to a pleasant, countryside location.
James Poynor, sales director at developer Barratt East Midlands, says: “Saxon Court is the perfect development for first-time buyers and with prices starting from just £99,995 for a contemporary two bedroom home, the homes available offer excellent value for money and an ideal opportunity to buy.”
The free season ticket is being offered to everyone who reserves a property in the Coles Way-based Saxon Village during September, and will be given to buyers upon legal completion.
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