Property searches double in Carbis Bay as G7 begins
The Cornish fishing village of Carbis Bay has been chosen by Prime Minister Boris Johnson as the “perfect location” to host some of the world’s biggest leaders for this weekend’s G7 summit.
US President Joe Biden, German Chancellor Angela Merkel and French President Emmanuel Macron are among the guest list for the three-day summit taking place in the picturesque coastal spot near St Ives.
And as the event puts Carbis Bay firmly on the global stage, we’ve noticed a lot of curious home-hunters also taking a closer look at this scenic resort town.
In fact, buyer searches for Carbis Bay were up 103% on Wednesday 9th June, compared with the previous day.
As the G7 leaders started arriving in the local area, Vicky Twydell, Sales Negotiator at Bradleys Estate Agents in nearby St Ives, says: “Right now it’s like being on a movie set, and it’s great to see the place under the global spotlight. We’ve seen a huge amount of demand for homes here, especially those that have a sea view.
“We’ve had interested buyers hoping to view properties over the next few days but they’ll have to wait a little while until the summit is over,” she says.
Carbis Bay has an average asking price of over £384,000, which is more than £50,000 higher than the Cornwall average of £331,655, and beachside homes are currently for sale for up to £3 million.
Our property expert Tim Bannister says: “All eyes are on Carbis Bay right now, and with supply so limited, coupled with the price premium for the county and the fast pace of sales, it’s only a lucky few who will be able to move there, but thousands of others are checking out what’s on offer.
With more buyers longing to live by the sea, in February we saw Cornwall replace London as the most searched-for place on Rightmove and it remained as the most popular location in May.
“Interest from potential buyers in coastal areas has increased significantly over the past year, with Cornwall now the most searched for place on Rightmove, and there are a large group of people considering a coastal relocation for a different lifestyle,” says Bannister.