Are Salisbury house prices down after spy poisoning?

Are Salisbury house prices down after spy poisoning?

Published by The Spire FM News Team at 5:49am 25th October 2018.

Figures have been released showing that house prices in the city have fallen almost 9% since the nerve agent incident involving Sergei and Yulia Skripal.

Cashback Remortgages have collated the statistics which shows whilst Salisbury house prices fell between May and July, Wiltshire properties rose by 1.7% county wide.

House Prices table October 2018
House prices in Salisbury, Wiltshire and local counties 

The study also found that 20% more homes were put on the market in the city between May and July, compared to the previous three months.

Suchit Sethi, founder of cashbackremortgages.co.uk, said:

"Over the past seven months, Salisbury has been at the centre of an international scandal.

"It's possible that the relentless media attention focused on the city has stirred up doubts in the minds of some prospective buyers and contributed to a drop-off in demand. Equally, the scandal may have caused a surge in people putting their homes on the market.

"Over time things will almost certainly recalibrate to the norm but for now the Salisbury property appears anything but normal."

Sergei Skripal Collage with hazmat, bench and his home (Ellie Harries)
Sergei Skripal, alongside his daughter Yulia, was poisoned in March by nerve agent Novichok

DIFFERENT STORY FROM SALISBURY ESTATE AGENT

Matthew Hallett from Winkworths Salisbury doesn't believe the incident on March 4th had an affect on the house market in the city.

He thinks weather has impacted the amount of people putting their house up for sale in the spring.

"We had a very cold winter, three proper seasons this year and it was difficult to launch houses whilst snow was on the ground so we had a proper spring, a very hot summer.

"It's inevitable that people would have held their houses back early spring, March was the beast from the east so it made sense that people put their houses on the market in the spring."

Matthew says he doesn't believe that the 20% is reflective on the situation in Salisbury:

Matthew Hallett from Winkworth Salisbury 
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