North East estate agency's Alnwick office celebrates 40% sales growth
George F. White’s Alnwick office has experienced an increase of 40 per cent sales growth year-on-year.
The property, land and business consultancy is celebrating this achievement, despite a decline on a national scale for a 10th successive month - according to RICS’ May 2019 Residential Market Survey.
In the North of England and also in Wales, property transaction volumes have increased.
Gemma Miller, residential sales manager at George F. White in Alnwick, said: “We have seen a dramatic increase in the number of residential sales year-on-year.
“Much of the buyer interest has been from people involved in North East business, investing within the region, which is encouraging.
“There has been a huge influx of investment in the North East from major house builders such as Taylor Wimpey and Bellway and this has been recognised by national retailers looking to move into an area that is becoming more and more popular for young families.
“If we take Marks and Spencer as an example; despite looking to close 100 stores by 2022, they are going ahead with their move into the market town of Alnwick, perhaps partly due to the residential development and perhaps due to the plans to dual to A1.
“When a high profile retailer moves into an area, others tend to follow.”
Gemma added that the Alnwick office has recently seen an influx in the number of enquiries from people who have tried selling their properties online.
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