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Oxford 01865 510000
West Oxfordshire & Cotswolds 01865 882200
Vale & Downland Villages 01367 820555
Keep up to date with all the latest Kemp & Kemp and Oxfordshire-based property news and activity.
July 2010 has been a very interesting month in the residential property market, on a number of levels. With the distractions of the budget, Wimbledon and the World Cup new buyer registration levels dropped by 6% month on month and sales volume at Kemp and Kemp Residential was also similarly affected (-5%) but this had to be wholly anticipated, especially with the extraordinary Summer weather we have been experiencing and school summer holidays also just around the corner. The near bullish conditions of the first quarter did of course evaporate around election time but by no means has the UK property and moreover the Oxfordshire property market gone into reverse.
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Bull or Bear
Brill is set high on the Oxfordshire/Buckinghamshire and the Brill windmill has been a major landmark for centuries. This beautifully renovated house on the village green has a glorious south facing cottage garden that is planted with a profusion of English flowers and plants and has stunning views across the fields that gently tumble away towards the Chiltern Hills.
Fox End, Brill
Why buy-to-let in the Oxford area? Oxford is a great place for buy-to-let investment and the demand for rental property is high. Gareth Gould reviewed the Oxford market in detail in the May newsletter, and he highlighted the current lack of rental properties available and the strong demand.
Buy-to-let - investment proposition
The Old Bakery in Milton is the cherry on the cake. This property for sale through Kemp & Kemp Residential in Oxford is a stunning Grade II listed house in Milton (minutes from Milton Park, Didcot Parkway station and the A34) that has been recently modernised and is for sale in immaculate condition.
The Old Bakery, Milton
Kemp & Kemp Residential director, Gavin West, was recently interviewed by The Digital Property Group about the property market and his experiences in the business.
Gavin West, Kemp & Kemp Residential Director
Or at least I would have done had the Chancellor of the Exchequer pushed through CGT rates at 40%+, which had been mooted over recent weeks. Having said this, the budget, far from being benign, is designed to both balance the UK's books but at the same time nurture business and protect the current low interest rate environment. In so doing, I feel that the medium to long term outlook for the UK housing market is positive and despite the doom mongers (normally economists that failed to predict the events of 2008) continued efforts to warn of a possible deflationary cycle for prices, buyers in general are still by and large motivated.
Kemp & Kemp Residential has launched its second virtual office to cover Witney and the West of the county to the Cotswolds.