The Latest Chrystals News

Now the holidays are over local Estate Agents anticipate increased viewings from applicants house hunting and hoping to secure a purchase for completion before year end.

The market remains challenging albeit offers are translating into sales as long as vendors retain some degree of flexibility in the price they are prepared to accept.

First time buyers are far and few between as the availability of finance from traditional lending institutions remains tight. Cash buyers are evident below £300,000 where smart value for money property appears attractive compared to low yielding deposit accounts but sales in the middle market are proving much more selective often dependant on a sale being secured lower down the chain.

Interestingly we have negotiated more sales circa £1m plus to date this year than the whole of last year put together. The majority of these sales have been to local buyers rather than new residents who generally have been reliant on the sale of a business or disposal of an asset elsewhere being the catalyst for a move.

Chrystals have recently sold the show house at the Links in Peel on behalf of Hartford Homes for £1.25m. The” turn-key” package has proved a popular concept explains Shane Magee,  where the interior has been designed and finished to a tasteful contemporary standard with  state of the art technology incorporated within the living space. New sales presented in this fashion  often make a premium over resale property and is the way forward for developers to secure a sale to buyers in search of a ready-made home.

The lettings market continues to flourish with a steady stream of new tenants looking for good quality accommodation.

The option of renting is often a stepping stone to house purchase. Our rentals team in Douglas see the majority of tenants seeking flats under £1,000 pcm whilst the top end remains fluid with Chrystals recently being the successful letting agent on a prestigious Coutts Apartment where the luxury facilities include concierge service, meeting room, gymnasium, indoor swimming pool and treatment room. Rents commence at £2,500 pcm with incentives available for long term occupancy. For further information and to see how Chrystals can help you find your next  home to buy or rent then contact Shane Magee on  +44(0) 624 623778 or shane@chrystals.co.im

For homes over £1m  register for your personal copy of Chrystals Homes of distinction magazine by contacting wendy@chrystals.co.im or telephone +44 (0) 624 623778