The sudden appearance of COVID-19 kickstarted a tidal wave of market activity as people nationwide upped sticks and pursued a new life elsewhere. In 2021 alone, house prices increased by 9.8% in England and 15.5% in Wales. *
But now the initial shock of the pandemic has smoothed out, can we expect house prices to continue soaring? Although the stamp duty holiday ended in September 2021, Rightmove still predicts prices to rise by 5% in 2022. It has also reported a 19% hike in valuation enquiries since December. **
Whether these figures are buoyed by those taking advantage of a more flexible working environment or wishing to return to the lifestyle they had before, it’s clear that many people are looking to move soon.
With buyers flooding the market and the spring boom on the horizon, now could be the perfect time to sell. The expected peak could also be good news for buyers; as higher values tempt more sellers to list, the market may begin to balance out while continuing to strengthen.
Still unsure what your home is worth? The last two years have taught us that the property market is highly dynamic and rapidly changing. That’s why we recommend an up-to-date appraisal – you may be pleasantly surprised.
Our friendly team are on standby to advise on your unique situation. We’ll share insights about the current market and furnish you with an accurate valuation.
Just call us today on 01256 807 111 or email valuations@sansomeandgeorge.co.uk to discover your property’s true potential.
*Based on recent data from the UK House Price Index
**Compared to the same period in 2020.
