the housing market

Exodus to the North West Continues to Show Strength

Whilst things are starting to get back to business as usual following a turbocharged year for the housing market, one area that still holds strong is the flow of purchasers from the South, such as London, towards more market town locations in the Northwest such as Cheshire, Stockport and Manchester Burroughs.

Shift Towards the Green

The continued demand for new ways of living was a core value in the decision for many families to shift location to more rural areas where space has been plentiful. This demand is now seen to be a continuing factor in the housing market for many years to come.

As London activity levels are very strong and currently outperforming all predictions, the rural areas of the northwest are currently witnessing a record high for enquiries and interest from previous city dwellers from the South.

Whilst uncertainties still surround the global pandemic and the economy as a whole, many people have found satisfaction in home-based working or establishing their own home-based business online, which in turn has led to more desire for comfort levels in their choice of home.

Moving Up

Whilst unemployment and returns to office working have slightly dampened the buyer demand to an extent, the activity of moving to areas within the Northwest or further upwards is expected to last for many more years to come, with many finding their opportunity to escape city life due to affordability, timing and circumstance.

The permanent shift in behaviour and lifestyles is now the driving force for buying up available property in the areas of Stockport and Cheshire, providing a new factor in the housing market and a hot selling point for people looking at how to sell a house in these areas.

The appeal of flexible living outside of the South post-Covid has had a seemingly permanent change in the way people now accept working conditions and the way we adapt them to our living. This effect has been initially forced onto people and now comes with so much comfort that we may never return to the way we used to separate our lifestyles.

Shift in Living Focus

As the remaining restrictions are lifted, we are seeing more and more people hesitant to return to full-on pre-Covid lifestyles, and many more fleeing the crammed city environments for space and natural environments in smaller market towns.

People who seek better value for money, higher standards of living and enough room to have a garden and office space in a property are keen to leave the rat race to have forever homes in areas they had only previously dreamt of owning, with estate agents Stockport seeing a dramatic increase in out of county enquiries.

For more information on enquiries to buy property in Stockport, contact the team at joules today.

Read More

housing market forecast

Will the Market return to Normal in Autumn?

The imbalance between supply and demand characterising the housing market forecast throughout 2021 is not expected to last beyond the summer.

The combination of a lull following the stamp duty holiday and the summer break has kept things stable, however, prospective sellers are expected to make up their minds on committing to selling homes after the summer holidays end.

Normality On Scope

With prospective buyers at a 42% higher on the five-year average, demand will staunchly remain within the system. With continuing low mortgage interest rates and increasing optimism over the wider economy, people are starting to feel that the worst of the pandemic is behind them and normality is beginning to creep back in.

The double-digit house price growth is most likely due to slip back to single figures by Christmas 2021, resulting in a prime moment for sellers to act sooner rather than later to benefit from the sales of their property.

The space race continues to be of prime importance for buyers and nowhere has that been more prevalent than in the North West, where typical green views are around many areas in Cheshire and Stockport.

Homes on the Radar

With supply being in high demand for these areas, estate agents Stockport have seen dramatic increases in not just sales of homes, but quick enquiries on how to sell a house to get an advantage on the current demand for rural housing options.

The appetite for homeownership has seen an incredible skyrocket in 2021, thanks in part to the aforementioned stamp duty holiday and the government’s Help to Buy equity loan scheme that has seen over 55,000 households secure a home over the year.

Stockport has seen no shortage on both sides of the housing scale with sellers and buyers, including young first-time buyers, taking full advantage of the past year’s events. Now with the housing market forecast for Autumn predicting a sense of things slowing to normality figures, will we see the last-minute surge in homes being sold to avoid disappointment following the end of the summer?

Independent Guidance

If you are looking to buy property in Stockport or looking at getting the best sale on your property within that area, now is the time to avoid the disappointment levelled at the uncertainty the latter part of the year is currently holding.

With many people struggling to get the attention from nationwide estate agencies, many are turning their focus to independent estate agents Stockport to gain a more satisfactory service. Contact our team at Joules estate agents Stockport today.

Read More

current housing market

Agents Sell 7 in 10 Homes on Average

Homes on sale in the current housing market are at a much higher proportion to have successful buyers according to recent data, currently sitting at a 68% success rate from over 13 million listings.

Unsurprisingly over the last year, the northwest has seen a vast amount of people with a desire to escape inner-city living and move further out.

Quick Sale County

Over 2021 alone, there has been a much greater chance of sellers finding a buyer wanting a quick sale on a northwest property, which highlights not only the sheer volume of people determined to move but also those from coastal or further down south looking to relocate to a more natural environment.

Whilst longer-term averages show that typically half of the properties sell, 2021 has reflected buyer frenzy in the current market due to pent up pandemic desire, stamp duty holiday, low mortgages and young people able to afford a first step on the ladder.

Focus Shift

With limited housing available against the demand, many buyers are shifting their ideal focus to get a house, moving more inwards and upwards and looking to upscale. This frenzy has also greatly benefitted those looking into how to sell a house, which is seeing homes sell for the above-asking price as a major advantage for sellers knowing that housing is a hot commodity.

With the North West currently being the hotbed for ideal housing location on the map of many buyers, estate agents Stockport are seeing an abundance of interest from those looking to buy property in Stockport. This is seen as a great benefit due to the local association with the area as well as a trusted set of buyers an independent has over a nationwide branch.

High Living Appeal

As buyers widen their scope for properties, the North West continues to prosper in leading the interest stakes for ideal housing, with Manchester, Stockport and the Cheshire countryside leading in the appealing areas.

With lifestyles starting to regain some area of normality post-pandemic, buyers are looking at the appeal of the northwest area, with its popular nightlife and social scene, quick links to airports and rail and natural comforting woodland areas only a stone’s throw away. With many people adopting the work from home lifestyle, many people previously subjected to the crammed London lifestyle now see the benefit of escaping to the country and working from the cosy confines also.

For advice and availability on the current housing market throughout the Stockport area, contact the team at Joules, the number one independent estate agents Stockport.

Read More