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The Brixham Property Market Post-Brexit

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Fri 16 Sep 2016

The Brixham Property Market Post-Brexit

We have enjoyed an extremely active summer with a large number of sales agreed since the referendum result (June 24th 2016). We feel it is too early to say that there will be no negative impact on the property market but can still report a strong appetite to purchase in Brixham.

The demand for second homes and properties to retire to is remaining strong. Possibly buyers who might just have been considering a move to Europe (Spain, France, Portugal etc.) see the safety and sense in making the move within the UK, where fears over future health provision and taxation are more of a known quantity. Brits in the Eurozone will have to wait to see what transpires on their health rights & taxation.

Once again, we are seeing buyers from all over the UK purchasing in Brixham and we feel that we are seeing the benefit of the new South Devon link road. Many of our applicants and clients comment on the easier access to the Bay.

The buy-to-let market is a little weaker than 2015 but we are still selling a good number, especially as saving returns are so weak. Despite the increased stamp duty levels for second homes / buy-to-lets etc., there are many who feel it is worth paying extra to get the money working harder long term.

We are still very optimistic about Brixham’s prosperity and future. Certainly the volume of tourists this summer has increased and the local fishing industry is excited about the prospect of being rid of Brussel’s shackles! There are new business’ open in the town and generally, the mood is very positive as Brixham becomes even more of an attractive destination and more prosperous.

Mark Boyce


FNAEA Director of Boyce Brixham