A spring in the step of buyers

Bucking the trend - there are positive signs in the local housing market
Bucking the trend - there are positive signs in the local housing market
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Spring is in the air, the daffodils are out and so are property buyers in Derbyshire.

That’s the message from Chesterfield agency Spire Estates, which says this area seems to be bucking the national trend.

Mat Barnes of Spire Estates said he was excited by the recent up-turn in sales and in the last few months the local property market has re-awoken with vigour.

“The sales at Spire Estates year to date are at a four-year high – it’s great news for my business and it’s great news for our town,” he explained.

“Many property editorials seem to comment that other areas in the country are not experiencing such growth in sales – so we may be a blip locally, but its worth shouting about.”

Mat says the market began to pick up last year after tough times from 2008 to 2010.

He pinpoints the seeds of change coming when a few lenders opened their doors once more to first-time buyers and new landlords alike.

Mat added: “Some of our local lenders have been heroes!

“Credit must be paid to the Mansfield Building Society, Nottingham Building Society and a few other small societies who have clearly demonstrated a willingness to kick their local markets into gear and being prepared to lend.”

He believes this led to more optimism at the start of 2012, which has rubbed off onto the buying public.

“Believe it or not, our year to date sales are 179% up on 2011. I regularly talk with many of my competitors to see how they are getting on and many are all up on previous years,” he added.

Mat says new sales seem to have been boosted by two growth areas.

Firstly new landlords are looking to invest back into property, with a growing demand for rental properties.

Secondly, first-time buyers are slowly coming back to the market too!

Mat said: “It’s really great to see young people having confidence to buy properties.

“Much to contrary belief, as long as you have a 5% deposit and a good credit file my mortgage team at Mortgage Advice Bureau are having much success in helping first time buyers obtain the mortgage they need.

“In many cases it is now cheaper to buy than rent.”