2016 saw a record year for leading multi-disciplinary property business Humberts in Taunton. The Commercial business experienced a 19 per cent increase on the previous year – an all-time record, while the Residential business saw an increase of 15 per cent.
As recognition of the commercial success, Stephen Richards has been promoted to Head of Commercial across the business.
Stephen Richards Head of Commercial at Humberts says: “The Commercial property market within Somerset has been buoyant in 2016 – the only problem looking forward into 2017 is the lack of stock that is coming to the market which is leading to excess demand. The industrial sector in Somerset in particular is extremely energetic and the demand for commercial investment properties is at its highest for a decade which is relating through into yields.
Stephen Richards and his team also specialise in Leisure properties including holiday letting businesses such as holiday cottage complexes, lodge parks, caravan parks and campsites. Stephen continues: “This property type has seen an upturn last year due to the popularity of the “staycation”. The majority of these properties being sold to purchasers from outside of the region especially London and the South East who are looking to move into the South West for a change in lifestyle and are the typical purchaser is 45-55 and a husband and wife team looking for a semi-retirement project.”