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TODAY'S OTHER NEWS

It really IS happening - more buyers now wanting homes out of London

A quarter of vendors and buyers contacted by a high-end agency say the lockdown and the Coronavirus crisis have made them more likely to purchase a second home.

The survey was conducted by Knight Frank, which has already reported many London-based purchasers are looking outside the capital.

Shortly after the housing market was restored following the lockdown, Knight Frank noticed that only 45 per cent of London-based buyers searching its website actually looked for a home elsewhere in the capital - this contrasted with 62 per cent earlier this year. 

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Instead the south west and those parts of the south east away from London were showing increased searches.

Now the agency says a new survey shows that the top three most popular amenities for a new property were a large garden, outdoor space or access to land, following by a home office or study - all featuring in more than 50 per cent of responses.

Ed Hunt from Knight Frank’s Winchester office says there had been a “massive London influx”, with an increase in potential buyers looking for both main and secondary homes.

“I’m currently marketing a chocolate-box cottage with a thatched roof and three-bedrooms which is a classic bolthole for those looking for a second home. These sorts of properties are attracting lots of interest.”

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