A new year brings fresh plans, new goals, and often big decisions. For many homeowners, buyers, landlords and tenants across North Devon, property is high on that list.
Whether you’re thinking about selling, buying, letting, or simply keeping an eye on the market, the start of the year is a natural time to take stock. While no one has a crystal ball, there are clear trends emerging locally that give us reason to feel cautiously optimistic about the year ahead.
Here’s our view of what the new year may hold for the North Devon property market.
📈 Buyer Confidence Is Slowly Returning
After a period of uncertainty driven by higher mortgage rates and cost-of-living pressures, we’re seeing confidence begin to stabilise.
Many buyers have now:
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Adjusted expectations around borrowing
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Secured mortgage agreements
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Accepted current interest rate levels as the “new normal”
This often leads to more decisive behaviour — fewer speculative viewings and more committed buyers who are ready to move when the right property comes along.
🏠 Realistic Pricing Will Be Key
As we move into the new year, the market is continuing to favour homes that are:
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Correctly priced from the outset
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Well-presented
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Marketed properly
Overpriced properties are still likely to sit, while realistically priced homes continue to attract strong interest.
In North Devon, where supply remains limited in popular areas, accurate pricing remains one of the most important factors in achieving a successful sale.
🌊 Relocation Demand Remains Strong
North Devon continues to attract buyers relocating from outside the area — particularly from larger towns and cities.
Lifestyle-led moves remain a key driver, with buyers drawn by:
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Coastal living
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More space and a better quality of life
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Flexible and remote working
This type of buyer often plans well in advance, meaning decisions made early in the year can lead to successful moves later on.
🏘️ Less Competition Can Work in Sellers’ Favour
Traditionally, many sellers wait until spring to bring their homes to market. This can create a quieter early-year period — but that’s not always a disadvantage.
Fewer listings often mean:
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Less competition
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More visibility for your property
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Stronger engagement from serious buyers
For sellers prepared to act early, the new year can be an excellent time to stand out.
🔁 The Rental Market Remains Pressured
Demand for rental property across North Devon remains high, while supply continues to be limited.
Factors influencing the lettings market include:
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Ongoing legislative changes
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Rising maintenance and compliance costs
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Some landlords reassessing their portfolios
The result is a competitive rental market, where well-managed, compliant properties remain in strong demand.
🧭 What This Means Going Forward
The year ahead is unlikely to be defined by dramatic spikes or sudden drops — instead, we expect a steady, more balanced market.
Key themes we anticipate include:
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Sensible pricing and realistic expectations
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Buyers making informed, confident decisions
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Continued demand for quality homes in desirable locations
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A focus on professionalism, communication, and good advice
💬 Final Thoughts
The start of a new year isn’t about predicting perfection — it’s about preparation.
For those thinking of making a move, now is a great time to:
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Understand the market
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Get clear advice
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Plan ahead with confidence
At Collyers, we’re here to support you — whether you’re selling, buying, letting, or simply seeking honest guidance.
📞 Thinking About Property This Year?
If you’d like to discuss your plans or get an up-to-date view of the local market, we’re always happy to help.
👉 Book a Free Valuation
👉 Speak to Our Team
Collyers Estate Agents – Local Knowledge. Honest Advice. Award-Winning Service
