Your home, your Castle
Credit: Zoopla
Market trends While other industries have sadly suffered the effects of loss of trade and lack of consumer appetite since the UK went into lockdown in March 2020, the housing market is not among the casualties. Based on figures collated at the end of June 2020, the Land Registry reported that property prices rose by 2.7% compared to the previous month, and had risen by 3.4% compared to the previous year*. The Chancellor’s decision to raise the stamp duty threshold from £125,000 to £500,000 in England and Northern Ireland until 31 March 2021 has left property market insiders confident that this upward trend will continue, as potential and existing homeowners seek to take advantage of this opportunity. One of the UK’s most popular property websites, Zoopla, subsequently reported in August 2020 that the housing market was at its strongest in five
years, as shown in their House Price Index, with buyer appetite 34% higher than the same period in 2019**. Here at Castle, we heard from many of you during lockdown that you had embarked upon home renovation projects or were indeed looking to move, so we thought we’d hear from the experts about how art can make your property stand out from the crowd. Tom Parker, Consumer Spokesperson at Zoopla comments: " Artwork has long been a way to stamp your personality on your home and add some character. When it comes to selling your home, the artwork illustrates to potential buyers how much you have invested in making the property a 'home' and the lifestyle they could lead by purchasing the property. It's also a simple way to subtly inject colours like red and yellow that are associated with happiness. This will help create a warm feeling when potential buyers enter the property for viewings. "
This stunning property, The Long Barn in Wiltshire, was featured in Horse & Hound , the Mail Online and The Modern House among others when it was listed for sale. Understandably, we were just a little bit thrilled to see artwork by Bob Dylan and Robert Oxley gracing the walls of this incredible home!
*Source: landregistry.data.gov.uk **Source: zoopla.co.uk
Credit: Zoopla
38 FINE ART COLLECTOR AUTUMN/WINTER 2020
FINE ART COLLECTOR AUTUMN/WINTER 2020 39
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