Milnrow & Newhey August 2021

LATEST PROPERTY UPDATE
PROPERTY UPDATE
Just 12 months ago, many predicted that the pandemic may
cause a property crash – yet we have witnessed a sharp upturn
and even overnight queues of buyers desperate to snap up
their dream homes at record high prices!
PANDEMIC INFLUENCE ON BUYING
The house-buying boom has certainly been one of the
unexpected stories of the pandemic.
In April, buyer demand was holding strong in every UK region,
according to the RICS Residential Market Survey, while the
Halifax House Price Index recorded the highest annual growth
rate in five years, with almost £20,000 being added to the value
of the average home since the market essentially came to a
standstill in April 2020.
There’s little doubt that the pandemic and lockdown have
influenced what buyers want in a home, with a strong broadband
connection, flexible space and access to nature high on the wish
list.
Movers have also been looking for properties with purpose-built
office space and a peaceful garden area to enhance the home
working environment.
A lot of people want to make the distinction between work and
home life, with many finding it useful to have the flexibility to
create a home-working space.
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62 To advertise call 07976 289967 or 07974 434793 or email sales@streetwisemag.co.uk