< Back to blog

House Prices continue to rise Posted On 25 February 2022

Busiest first two months to a year ever lead to even higher asking prices

January was busy. In fact, January was the busiest start to a new year ever for the housing market! However, this month has been even busier. Because of this it is no surprise that house prices have continued to rise. The start of a new year always leads to a price rise, however, what we have seen this year has been the biggest jump in 20 years, according to Rightmove.

In the past two years, asking prices have risen by nearly £40,000 compared to just over £9,000 in the previous two years before the pandemic began. This is down to what we have coined, ‘The Lockdown Effect,’ which basically means that during lockdown people re-evaluated their needs from their home, with things such as a home office and no longer having to think about travelling to work changing people’s priorities.

An increase in people selling their first home and moving to a larger home has played a part in the price rise, with an increase in buyers and a shortage of sellers still driving a highly competitive market. With people so desperate to find a new home, many are coming to the market early, and selling before they have even found their new property. This is sensible as the stronger position you are in, the higher the change of getting your dream home when it comes to the market.

Research has shown that March is typically the busiest month in the property market, and as such is the best time to put your property on the market. With competition between buyers being at its highest in March, it makes sense to put yourself in the best possible position.

 

So, for a FREE, no-obligation valuation, please contact us today!

< Back to blog

Connect with us

Recent Posts

The fantastic benefits that taking up fishing can have on your health

Angling is a very relaxing and sometimes rewarding pastime Fishing is one of those age-old pastimes that many will consider taking up at least once in their life. Spending your weekends or evenings sitting by the side of a lake or river, amongst the ...

Read more...

Hidden maintenance costs to be aware of before buying a hot tub

Hidden maintenance costs to be aware of before buying a hot tub Make sure you do not get hit by an unexpected spike in bills With summer well and truly underway, many people up and down the country will try to make the most of their outdoor spaces. F...

Read more...

Ways you can introduce natural drainage into your garden

Make sure your garden is prepared for when the rainy weather returns summer is well and truly here - and we all are hoping it will last. Beautiful summery days are the best, with the baking sun beating down, daylight lasting longer than ever and peop...

Read more...

Healthy birthday alternatives for those wanting to celebrate their big day

It can be a tricky time when you hit a big milestone while monitoring your weight   Dieting can be very difficult. Cutting out naughty foods while trying to introduce a healthier and more nutritionally balanced diet can come with many speed bump...

Read more...