It’s important to remember that not everything is gloom and doom in the property market. Certain areas and housing types have been more popular than others. Here are the property types that have been consistently in high demand over the past few months:
Terraced property with assigned parking
According to a new study, terraced properties that have parking and gardens are the most popular in the country. They account for 41% of demand. They are also more affordable to purchase, so terraced properties are very popular. People are increasingly looking for space to park their cars, so any property that has an outside area is a good choice.
Family houses of mid-size
In recent months, the demand for family homes with two or three bedrooms has been overwhelming. The withdrawal of stamp duty incentives last year had little impact on this sector. This trend is expected to continue in the months to come as the government continues to announce new policies to make home ownership more accessible. For advice from Stroud Estate Agents, visit www.tgres.co.uk/office-locations/stonehouse-estate-agents-stroud
Property with offices and workshops
According to a recent survey conducted by the Home Builders Federation, 40% of buyers are looking for homes with space for an office. This level of demand began during the pandemic, but is expected to continue in future as workplaces and workers reassess their daily lives.
Access to both the city and countryside
In a similar vein, commuter towns that offer access to the countryside, parks or coast as well as city life are becoming increasingly popular.
Estates worth millions of pounds in Scotland
Scotland has recently overtaken London as the UK’s fastest-moving million-pound property market. Rightmove reports that high-end homes north of the border sell in an average of 61 days. London’s share of UK million-pound plus properties has dropped by 7%. It used to have 47%, but now only 40%.
Property investment in the City Centre
The demand for rental property in cities has increased. This has led to an increase in demand for buy-to-let properties, such as student housing and apartments near university campuses.
Welsh country homes
During the lockdown, house prices in rural Wales increased twice as quickly as those in the cities. Prices in rural areas rose 14.2% per year, compared to less than 7% for urban areas. This was due to the desire for more space as well as a greener lifestyle.
Second homes on the beach
Homeowners are increasingly interested in homes along the British coast. People are looking for access to the beach, watersports, and stunning views. North Berwick, Glamorgan and Pembrokeshire are among the areas that have seen an increase in interest.