"Financial meltdown now major incentive for buyers" writes Penny Churchill in Country Life magazine.
by Penny Churchill
It's ironic that the financial meltdown that hit the second-homes market for six at the end of last year should now be a major incentive for buyers to re-enter the fray. In Cornwall at least, the market for pretty coastal cottages is showing signs of a thaw. Truro-based Lillicrap Chilcott report the sale of picturesque, Grade II-listed Fern Cottage at Port Isaac better known to millions of TV viewers as Doc Martin’s home and surgery for around the £550,000 guide price. February 14 was another red-letter day for the Cornish agents, who exchanged contracts on six houses on that date, among them Treviso at Feock, a traditional waterfront cottage which sold for ‘well over £600,000’, against a guide price of £695,000.