Price Surge for Detached Homes Due to House Hunters Demanding More Space
Company news : 16 - 03 - 21
Since the property market reopened last summer, our team has experienced a market boom that’s led to record activity for new listings and sales agreed in Farnham and surrounding villages, as homeowners rush to find somewhere more suited to their lockdown needs and lifestyle.
This increase in value seems to relate to the fact that house hunters are seeking properties with more space since the emergence of the pandemic, as well as working from home becoming the new norm.
Andrew Lodge, Managing Director said: “We have seen a huge increase in prospective buyers who are searching for spacious properties with a study, or outbuilding that is suitable for use as a home office. Detached homes are top of the list for those who are looking to upsize or relocate from the City to the Farnham area.”
According to Halifax, over the past six months, the average UK house price has risen by 6.3%, making it the market’s best half-year performance since early 2007.
How much could your property have increased in value by? If you’ve not yet obtained an updated market appraisal for your home, you could be unaware of its value in light of current market conditions.
To get started with your next sale or purchase, please contact our friendly team to book your valuation.