H&H Land & Estates are predicting that the new Government will bring confidence back into the property market in and around Carlisle.

The Carlisle branch manager, Paul Doyle, anticipates the benefits of stability for a city with bright prospects and reasonably priced properties.

Following the uncertainties associated with the recent election, hopes are high that a stable new Government will inject confidence into the local property market.

The new Government's policies are expected to maintain low inflation rates, potentially persuading the Bank of England to reduce interest rates, which would, in turn, make mortgages more affordable and boost the housing market.

First-time buyers will especially benefit, enabling them to take their much-anticipated first step on the property ladder.

Despite the lack of this additional momentum, stability and confidence are important for any property market, and fortunately, Carlisle currently boasts a steady market.

According to Mr Doyle, this is an opportune time for both buying and selling as the city has moved past the post-pandemic property boom.

H&H Land & Estates has seen increasing interest in various types of property available in the area.

City centre property, family homes, village houses, and rural properties with land are all in demand.

He added that a recently listed rural property near Longtown, brought to market, attracted 20 viewings, enquiries and received an offer within a week.

Carlisle remains one of the more affordable places for property in the UK.

The average property price in Carlisle was £200k in June 2024, compared to the national average of £349k for established properties.

Besides attractive property prices, Carlisle offers scenic surroundings, proximity to the Lake District National Park, the Pennines, the Solway Firth, and Scotland.

Carlisle also benefits from excellent transport links, including the West Coast main line and access to the M6.

Mr Doyle believes that the affordability, accessibility, investment, and stability of the Carlisle market make it attractive to potential buyers.

However, as timing is key for making a successful move, potential buyers aiming for a Christmas move should list their property as soon as possible.