Market Insight

Thanks to the stunning beaches and the beautiful countryside, Cornwall has always been a highly desirable place to live. Since the lifting of the lockdown restrictions in May 2020, demand has never been higher with the rate of people looking for properties in Cornwall up by 140% - the highest growth than any other county in Britain.

The pandemic has given a lot of people the opportunity to work from home, so it seems that many people are moving their home from the large cities, such as London, to the smaller, quieter areas with Cornwall taking the top spot. Add the stamp duty holiday to the equation, now has become the perfect time for a lot of people to ‘grab the nettle’ and make the move that they have always talked and dreamt about.

The trends of the latter half of 2020 has followed into 2021. Cornwall took the top spot in location over London in January and February. In the first quarter of this year more than fifteen million people searched for property in Cornwall. This is a lot, especially when you consider that during the same time frame in 2019, only six million people were looking for Cornish properties.

The demand on property has had a knock on effect on the house prices. More than ever properties are going to Best and Final offers – a situation that used to happened a handful of times a year now seems to be an almost daily occurrence. The majority of properties we are marketing at the moment have multiple parties offering on them, which has pushed the selling price. According to Rightmove, last year the average sale price of a property was £302,880, but this has risen by 11% making the average sale price of a property £318,852.