59-60 Lemon Street, Truro, Cornwall TR1 2PE - Tel: 01872 273473 - Email:sales@lillicrapchilcott.com
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Award winning Cornish agent selling three times the national average number of houses.
Oct 2008
As new figures from the Royal Institute of Chartered Surveyors reveal the average UK estate agent has sold just 11 houses in the last three months, Truro-based Lillicrap Chilcott is delighted to report that it is very much bucking the trend.

Its figures show that over the same period it completed more than three times that number of sales at figures believed to be far in excess of the national average selling price – demonstrating yet again that the Cornish property market is far from dead.

Only last month Lillicrap Chilcott reported a bumper crop of sales with buyers agreeing to purchase almost ten and a half million pounds worth of local property.

According to the company, the majority of the sales have been to buyers who have decided now is the time to take advantage of the market after months of watching and waiting.

Andrew Chilcott, Director, said: “A surprisingly large number of people are cash rich at the moment having sold property or businesses earlier this year or last year and, after a period of sitting on the fence, many of them are now contacting us and wanting to invest as fast as they can in property. They see the crisis in the banking world and are nervous about putting their cash into an account. Instead they want to put their money into property – the term “safe as houses” has rarely been quite as appropriate.”

Director Ian Lillicrap confirmed: “The trend suggests that an increasing number of people believe that the adjustment in property prices may have bottomed out and that the only way for values hereon may be up.”

“The shrewd investors have been sitting back for a few months and now they are jumping in to purchase the properties they want – determined to take advantage of the healthy choice of homes currently available at some very attractive prices.”

The report from the RICS noted an increase in sales activity with new buyer enquiries and new sales agreed increasing for the fifth consecutive month to their strongest levels since May and December 2007 respectively.

Lillicrap Chilcott has gathered together one of the largest and most experienced estate agency teams in the county under one roof in Truro. Its professionalism was rewarded earlier in the Autumn when it was named as a winner in the Estate Agency Category of the Daily Mail UK Property Awards 2008.