The property website Zoopla has predicted that the total value of homes sold in the UK is expected to reach £461bn in 2021. This represents a jump of 46% on 2020 and their projections indicate that the 2021 property market is on course to the busiest ever.
“This report is no surprise to us”, says Chris Pick, Business Development Manager and Valuer at Alasdair Morrison & Partners. “This year has been incredibly busy as buyers have been snapping up properties across Southwell and Newark in all price brackets. We’re now regularly seeing properties selling at or above asking price by our qualified buyers even before we have formally started marketing the properties on our website and the internet.”
Well prepared buyers are ensuring their finances are in order and mortgages are preapproved with the bank to take account of low interest rates, that their solicitors are primed and that they have registered their property requirements with local estate agents such as Alasdair Morrison & Partners to snap up the best property bargains before anyone else. The continuing delays with the Land Registry are slowing down completions and housing chains but as long as buyers are prepared for that, then properties are selling.
With the Office for National Statistics reporting that average UK house prices in March 2021 had increased by 10.2% in a year (the highest annual growth rate since August 2007), Chris advises anyone thinking of selling their property to get their property on the market as soon as possible.
He finishes: “Our doors are now open and we are welcoming clients back into our offices wearing face coverings. We’re still very conscious that the pandemic is far from over, so have clearly marked areas to maintain social distancing. We also offer socially-distanced, no-obligation market appraisals, so if you’d like to arrange one, then please contact us today on 01636 813971 or 01636 700888.”
