Rivage Apartments on Pier Street
Is now still a good time to buy in Plymouth?
Since May when the property market reopened, we have seen increasingly strong enquiry levels, and a significant volume of offers being made – this buoyancy in the market should give people the confidence to progress their search. In addition, the stamp duty break means that there are large savings to be had; indeed, Knight Frank has seen many people in Plymouth take advantage of the new rules since they were introduced by the Chancellor Rushi Sunak in July.
Of course, this must be caveated by saying that personal circumstances, finance planning and proper due diligence should always considered before a commitment is made. However, if someone has the finances in place to progress with a purchase at this time, they could stand to save a lot if they act now.
"If someone has the finances in place to progress with a purchase at this time, they could stand to save a lot if they act now."
As a result, we continue to see strong levels of interest and demand from buyers at a number of new build developments in and around Plymouth, where people can not only benefit from the stamp duty break, but in many cases also access Help to Buy – which will be available until 2023.
For example, now is the last chance to buy at the Rivage Apartments on Pier Street, with fantastic views overlooking Plymouth Hoe. With only three units remaining, these three bedroom apartments are all over 1,300 sq ft, with secure underground parking. lift access and terraces. Located close to all the amenities that the area has to offer, these apartments have worked very well for people looking to downsize or take up a second home. Prices start from £530,000.
If you’re in the process of searching for your next home or investment in Plymouth please do get in touch and we would be delighted to discuss your requirements.
Francine Watson is a New Homes Associate at Knight Frank, covering Plymouth and the South West
With the UK having recently dipped into recession, many might be wondering if now really is the best time to be considering a property purchase. The short answer is yes, now is still a very good a time to buy and there is no reason why property purchasers – whether they be first time buyers, second-steppers, families or downsizers – should put the search for their next ‘dream home’ on hold.