Storm Desmond hits Cumbria

The weekend news for the UK has certainly been dominated by the affects of Storm Desmond, Cumbria appears to have come out the worse with torrential rain and rivers bursting their banks, a number of public events were cancelled across East lancashire due to the affects of flooding,  heavy rainfall and strong winds prompted the Environment Agency to issue advice across the region.

The affects of Storm desmond will be felt across Cumbria and beyond, it could not have come at a worse time just over two weeks before Christmas, for many local economies saying it is a disaster is an understatement, the Environment Agency issued 10 Flood Warnings and seven Flood Alerts across Lancashire.

Cumbria is an area of Britain which is known for its areas of outstanding beauty, the Lake District attracts enormous numbers of tourists each year, and is an area where many have second homes, the economy of the area depends greatly on tourism.

The housing market is not as robust as other regions of the UK, only just recently  the  latest official figures from the Land Registry were published, it stated that average price of homes sold in the county of Cumbria  fell by 0.3 per cent to £122,321 in October, whereas nationally house prices had been rising steadily.

The figures at least showed an increase in the number of homes being sold in Cumbria,an average of 748 homes changed hands each month between June and August, up from 720 a month in the same period last year.

Cumbria will need all the help it can get to recover from the after affects of the storm, fortunately as seen from pictures on TV this weekend the communities and the services were very supportive of each other, the Government will have to play its part and will need to take swift action in assisting local councils with funding to help them recover from what can only be termed as a tradegy for the people of the region.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Who are Rentd
Letting Agent Talk

Renters (Reform) Bill Dropped – Thoughts from the Industry

The Renters (Reform) Bill has been dropped as a result of the general election being called. Here are some thoughts from within the property industry. Ben Beadle, Chief Executive of the National Residential Landlords Association: “It is hugely disappointing that this Bill will not now make it into law. The news comes despite the fact that…
Read More
Estate Agent Talk

July 4 General Election – Thoughts from the Industry

Prime Minister, Rishi Sunak has called a general election for July 4, 2024, citing now being the time for the people of Britain to choose the next government. Here are some thoughts from within the property industry. Tim Bannister, Rightmove’s property expert: “A look back at recent elections shows that house prices and activity usually…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker

Matt Smith, Rightmove’s mortgage expert said: “Today’s inflation drop feels like an important milestone on the road to the first Base Rate cut. There’s been some to-ing and fro-ing over whether we’ll see a summer Base Rate cut, but today’s news will likely reinforce some of the positive words coming from the Bank of England…
Read More
Estate Agent Talk

Rayner right to be ambitious on housebuilding

At UKREiiF, Angela Rayner, Shadow Housing Secretary made several commitments to help solve the UK’s housing crisis including new towns, greater numbers of affordable housing, a return of housing targets and a clear design code criteria. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), said: “Although election season is the time for…
Read More
Breaking News

Comment on Land Registry’s House Price Index showing an annual rise of 1.8%

Commenting on Land Registry’s UK House Price Index showing an annual rise of 1.8%, Daniel Austin, CEO and co-founder at ASK Partners, said: “The property sector is recovering. Rent values have seen sustained growth, positioning real estate as reasonably valued in comparison to gilts and presenting growth potential. In the realm of commercial real estate,…
Read More
Breaking News

Breaking Property News – 22/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Sunak calls General election for 4th July 2024 – American Independece Day Many pundits feel that post the General election Rishi Sunak will fly off to Silicon Valley, so maybe holding the General election on American Independence Day is no coincidence! The real carnage…
Read More