Annual property price growth in the South East and South West is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the South East and South West report the current sales to stock ratio remains high (RICS), with properties selling in just 39 and 32 days respectively (Rightmove).
Double-digit property price growth is evident in eight areas of Southern England. Eastleigh and Gosport are currently the strongest performing areas.
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In Southern England, the most active housing markets over the past year have been in Hart, and Basingstoke and Deane.
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Quintessentially English and deceptively spacious, this charming home utilises renewable energy and is conveniently placed in Horringford. This home is beautifully presented and arranged over three floors and has been extensively renovated and upgraded in very recent times. Enjoying countryside or garden views from almost every window, this property is the perfect home for those seeking space in a countryside setting. Close to rural walks and the cycle path, the house and the grounds flow.
Located in a popular residential area on the edge of Shirley, this house offers bright and spacious accommodation, complimented by a stunning rear garden, to create a truly welcoming home. The property comprises a spacious lounge/diner, a family kitchen with a breakfast area, three double bedrooms and a modern three-piece bathroom suite.
This Grade II Listed cottage in Water Eaton, on the outskirts of Swindon, benefits from extensive rural gardens of approximately 0.31 acres, mainly laid to lawn with a heated and covered swimming pool and a Hobbit-style house, ideal as a playroom or home office. Bearing character features throughout, on the ground floor, there is a living room and a kitchen and breakfast room, which opens via double doors to a bright family room.
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.