Buyers looking for more outside space
With the housing market remaining open throughout the pandemic, Rightmove reported that during the first two weeks of January visits to their site were up 33% on last years’ figures.
Buyers looking for more outside space – buyers have been influenced by what is going on in the world. There are more people working from home and however long this is the case, it has highlighted the need for extra space in the home or how flexible property can be.
Depending on the tiers people were in before this latest nationwide lockdown has also highlighted buyers are looking to move to the suburbs and out of city centres, looking to be closer to nature and open exercise spaces. Outdoor space has also shown itself to be key too when buyers are looking for a new property. Demand for countryside properties means the stock may have declined, so if you are looking to sell now it could be one of the best times to bring your property to market.
The market was boosted by the Stamp Duty holiday that was introduced last July, but with the benefits of that ending on 31st March this year, if you are looking to purchase now it may be a little late to enjoy those tax savings.
Rightmove’s House Price Index, this month showed the average East Midlands property price is £241,640 that has decreased 0.5% since last month and increased 5% since last year. The National Average Asking price was £317,058 which was down 0.9% from last month and up 3.3% annually. Property prices are still rising and this means investing in property is one of the best things you can do.
Here at James Anthony we have an excellent selection of properties in the suburbs of Northampton, so whether you are looking to invest, downsize, or upsize, contact us to see how we can help you buy that special property.