Regional Report: Dartmoor, Teign Valley and Teignbridge
Katie Griffin, Director of Guild member Sawdye & Harris, provides an update on the property market in Dartmoor, Teign Valley and Teignbridge.
Director
Sawdye & Harris
The TQ13 area, which encompasses towns and villages throughout Dartmoor, the Teign Valley, and Teignbridge, is experiencing a more dynamic and challenging market compared to recent times.
Known for its blend of historic homes, modern developments, and rural properties, this region attracts a diverse range of buyers, from young families and professionals to retirees seeking the tranquillity of Devon’s countryside.
Market dynamics
The market has remained relatively steady, with moderate demand for property sales and a noticeable increase in the rental market. This uptick is driven by the area’s desirable lifestyle and abundant amenities.
The trend towards remote working has encouraged many to move to rural and scenic locations, allowing them to enjoy larger homes and gardens. However, economic uncertainty and rising interest rates have impacted buyer confidence, making the market more cautious.
Current challenges
Our local market faces several challenges, particularly regarding pricing pressures. The economic landscape has contributed to these challenges, making it difficult to maintain previous levels of buyer confidence.
Local planning regulations and ongoing development projects also significantly influence the availability and types of housing entering the market.
Client preferences
We frequently assist clients in finding homes that offer picturesque views, ample outdoor space, and proximity to local amenities and transport links. However, finding the perfect property is becoming increasingly challenging due to the current market conditions.
There are huge variances in pricing even from homes within a very short distance of each other and pricing correctly in this current market really is the key.
- Average sales price: £467,518
- Average time on the market: 65 days
- Average rental price: £950
- Average commission on sales: NA
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