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Homebuyers are looking for the 'best of both worlds' with city and rural hotspots

Those looking to buy a home in Peterborough are looking for the "best of both worlds" as they have access to key city links and rural areas just a short drive away.
Hampton Water
Home buyers in Peterborough are looking for the 'best of both worlds' (photo: Barratt Homes)

Research by Rightmove showed that city residents contacting estate agents to buy a home in a village rose by 126% in June and July, compared to the same period last year.

Nic Chapman, sales and marketing director at Vistry East Midlands, has seen this trend develop, saying: "As the Rightmove figures suggest, village living has certainly gained further traction due to the pandemic.

"With home-working on the increase, many buyers in Peterborough are now prioritising moving to countryside locations and space within their homes. Living and working in a village makes it easier to enjoy rural views and lunchtime walks in the great outdoors.

"And with the use of public transport also down, people are more interested in good road links into cities rather than the distance to the nearest train station.

"The well-placed locations of our developments in Cambridgeshire and Lincolnshire with easy access to major roads such as the A1 and A14 ensure that potential buyers can experience the best of both worlds, embracing village life while still retaining easy access to Peterborough, Cambridge and London.

"We’re also seeing a great deal of interest in larger properties with plenty of space for those working from home, especially as buyers can take advantage of the temporary stamp duty holiday, which is in place for property purchases up to £500,000 until the end of March next year."

Similarly, housebuilder Barratt Developments has notched up a 24% hike in sales since July, as homebuyer demand is holding strong since the coronavirus lockdown.

The group said it agreed sales on 4,032 homes between July 1 and October 11, up from 3,252 a year earlier.

It expects to see a rise in completions to between 14,500 and 15,000 this financial year, with another 650 from joint ventures.

Barratt chief executive David Thomas hailed "continuing strong customer demand" as the UK property market enjoys a mini-boom since lockdown, boosted by a stamp duty holiday on houses worth up to £500,000.

Additional reporting by Holly Williams, PA Deputy City Editor





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