As we welcome in the New Year it's time to briefly look back at what has happened to the property market over the last year.
Where do you think was the most searched for location within England?
Well according to Rightmove, it is still London, predictibly. During the pandemic people were coming away from the cities to find a quieter way of living. However now that we have hopefully turned a corner with the pandemic, people are starting to return to their offices, this of course having an impact on the property market. It is my opinion that Battle and surrounding areas sits nicely as sellers and buyers look to relocate along the trainline but still remain outside the city.
What impact will this have on 2023?
Due to the price of living and mortgage rates increasing as well, buyers and sellers are taking more time to look into their finances so that they are not overstretched resulting in buyers who are more thorough in their research and slightly lower budgets.
What have we seen so far?
What I am seeing is those buyers that are out viewing are far more committed than before for the reasons above plus if someone is out viewing in the wind and the rain they are not there to waste sellers time. Making it more imperative than ever that your home is warm and presentable for viewings to ensure your home stands out in the crowd.
To summarise the above
This artificial price rise is now at an end and there seems to be a consensus that prices are coming back to what they would have been pre-covid, back to the natural rise and fall of the housing market.