Tag: Housing Market

Considering Your Next Move In The Housing Market

Posted on by colin_williams

If you are evaluating your finances, and your next move in the housing market, you aren’t not alone. Given the current circumstances, it is no surprise many people seek advice on what to do for the best.

Many people are concerned about rising interest rates

A study by property experts, Property Rescue, spoke to 1,000 UK-based homeowners. Unsurprisingly, the findings showed homeowners are anxious about what is happening in the economy, but more than half are also either angry (28%) or depressed (24%) about the rising prices.

The study showed 21% of property owners are so concerned about their finances, that they might have to sell their home because of increasing mortgage interest rates.

Property Rescue spokesperson, Andrew Landers, comments: “It’s no secret that the UK is currently in the midst of a unique set of financial circumstances. With interest rates and inflation on the up, and the combined impact of the energy and cost of living crises, the UK’s homeowners are under a huge amount of pressure. And sadly, for some, it will inevitably result in the loss of their property. When this happens, the ability to sell your house fast, through a reputable sales management company, can make an enormous difference. Helping homeowners to realise the potential of their property swiftly, alleviating financial strains immediately, without the standard lengthy negotiation period. With the Bank of England predicting a likely recession in early 2023, it may be some time before the UK’s homeowners can contemplate a brighter outlook.”

Steps to sell your home

If you are looking to sell your home, please follow these steps:

Get an appraisal.

The first step in selling your home is to get an appraisal. This will give you an idea of how much your home is worth and help you set a realistic asking price. You can find a qualified appraiser by contacting your local real estate board or searching online.

Prepare your home for sale.

Once you have an idea of how much your home is worth, it’s time to start preparing it for sale. This includes making any necessary repairs or cosmetic upgrades, such as painting, staging, and deep cleaning. You want your home to be in the best possible condition when buyers come to see it.

Find a real estate agent.

If you’re not sure how to go about selling your home, you may want to consider working with a real estate agent. A good agent will be familiar with the local market and can help you market your home effectively and negotiate with buyers on your behalf.

Advertise your home.

Once your home is ready for sale, it’s time to start advertising it to potential buyers. There are a number of ways to do this, including online listings, yard signs, and open houses. You’ll want to make sure that potential buyers are aware of your home and its unique features.

Negotiate with buyers.

Once you receive an offer on your home, it’s time to negotiate with the buyer. This can be a tricky process, but a good real estate agent will be able to help you through it. You’ll want to consider things like price, contingencies, and timing when negotiating with buyers

We are happy to help you at every point of the process.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

New Rightmove Study Highlights Current Selling Points In Homes

Posted on by colin_williams

Whether you are buying or selling property, key selling points are crucial. These are the factors which make a difference in so many property transactions, and when Rightmove lists the crucial elements in present-day property transactions, we listen.

Garden offices are a big factor these days and are listen eleven times more commonly than they were a decade ago. Bi-fold doors have also seen a significant rise in listings, up by 589% on ten years. Orangeries have increased by 173% and underfloor heating has risen by 114%.

The number of summer houses listed has risen while greenhouses have fallen.

What do the experts say?

Tim Bannister, Rightmove’s Property Expert, says: “Agents and developers have their finger on the pulse when it comes to the home features that will attract suitable buyers. Where dining rooms and fitted wardrobes may not be as important to some potential buyers compared with ten years ago, other features like an outdoor office space have soared as working patterns have changed, and the findings indicate a move towards greener features too. With outside space coming at such a premium, it may be that homeowners are ensuring what they build outside can be used in a number of different ways. For example, summer houses and orangeries are likely to have fewer or smaller windows than conservatories, and so can more suitably double up as home offices during the week and entertaining spaces at the weekend.”

Steve Rule, Group Design and Technical Director at Cala Homes, says: “Over the last couple of years there has been a real shift in what home-hunters are looking for. Buyers are considering in much more detail what they really want and need from their home, and truly optimising their space, especially as many are spending more time there through home or hybrid working. From a sustainability point of view, smart home tech has become very important. Underfloor heating is becoming more popular, both for environmental reasons and for the improved aesthetic it offers. We’re also rolling out various energy-saving measures in our homes which have risen up the agenda for our buyers – from air source heat pumps and EV charging points to water-saving fittings and PV/solar panels.”

Adrienne Minster, CEO of Rated People, comments: “Homeowners want to reduce their impact on the planet and cut the cost of bills by making their homes more environmentally friendly – in fact, the number one reason for making eco improvements is to lower their bills. So, with the rising cost of living and increasing awareness of the importance of living sustainably, it’s no surprise to see that more homeowners are choosing to make greener swaps and invest in the likes of underfloor heating.”

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

High Value Of Homes For Sale – How Can Vendors Stand Out?

Posted on by colin_williams

The total value of property currently for sale in Britain stands at £117bn, which is all the indication you need to know there is still life in the housing market.

How can vendors stand out from in a competitive marketplace?

In order to make their house more appealing to buyers and encourage higher offers, homeowners can take some steps to stand out from the competition. Homeowners can start by ensuring that their house is in good condition before putting it on the market. This includes repairing any damage, painting any faded areas, and decluttering. They should also stage their home in a way that makes it look inviting and appealing to potential buyers. Additionally, homeowners can make themselves available to show their home to interested buyers at their convenience. By taking some extra steps, homeowners can increase their chances of selling their house quickly and for a good price.

How does a good estate agent help homeowners connect with house buyers?

A good estate agent will help homeowners connect with potential buyers who are interested in their property. They will be able to provide homeowners with advice on how to make their house more appealing to buyers and can answer any questions that homeowners may have. Additionally, a good estate agent will be able to negotiate on behalf of the homeowners to get them the best possible price for their property. By working with a good estate agent, homeowners can increase their chances of selling their house quickly and for a good price.

These are things we pride ourselves on, and if you’re looking for guidance or support, we are more than happy to help you as best we can.

Colby Short, Co-founder and CEO of GetAgent.co.uk, commented: “The housing market is yet to show any signs of running low on steam and it seems as though every week there are reports of property values reaching new record highs. This house price performance is being driven by a sustained level of market activity from the nation’s homebuyers and this demand, coupled with a lack of stock, is the driving factor behind house price inflation. So when you consider that there are almost 380,000 homes currently listed for sale across Britain, worth a huge £117bn in the current market, and this still isn’t enough, it really does put our appetite for homeownership into perspective.”

How are house prices in Petersfield faring?

According to Rightmove, as of the end of August 2022, house prices in Petersfield are as follows:

“Properties in Petersfield had an overall average price of £425,588 over the last year.

The majority of sales in Petersfield during the last year were flats, selling for an average price of £249,030. Terraced properties sold for an average of £409,566, with detached properties fetching £669,550.

Overall, sold prices in Petersfield over the last year were 14% down on the previous year and 4% down on the 2019 peak of £445,153.”

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Selling Your Petersfield Home In Summer of 2022

Posted on by colin_williams

Right now, as the weather warms up and the days get longer, many homeowners are thinking about selling their Petersfield home. Selling in the summer can be a great way to take advantage of peak market demand, and with the help of a good real estate agent, you can make sure that your home sells quickly and for a fair price. Here are some tips for selling your English home in the summer.

We are here to offer guidance in selling your home

Are you one of the many homeowners who is looking to sell your Petersfield home in the summer of 2022? If so, you’re in luck! Selling your home during this time period can be very advantageous, thanks to the influx of buyers who come out during the summer months. However, making sure that your house sells quickly and for a good price takes some effort – here are five tips that will help you do just that.

1) Keep Things Clean And Tidy: It’s important to make a good first impression on potential buyers, so keeping your house clean and tidy is essential. Get rid of any clutter and put away personal belongings so that buyers can visualize themselves living in your space.

2) Stage Your Home: Staging your home is another great way to make it look more appealing to buyers. Use furniture and decor items to create an inviting space that showcases your home’s best features.

3) Price Your Home Strategically: It’s important to price your home correctly if you want it to sell quickly – setting it too high or too low could end up hurting your chances. Speak with a real estate agent to get an accurate idea of what pricing would be ideal for your property.

4) Take Advantage Of The Weather: One major advantage of selling in the summer is that more people are out looking for houses at this time of year. Make sure that your house is prominently featured on websites like Right Move and Zoopla, as well as being included in local newspapers and magazines.

5) Use A Good Real Estate Agent: Finally, using a good real estate agent is essential when selling your English home – they’ll be able to give you honest advice about how best to proceed with putting your property on the market. Choose someone who has experience dealing with sales in England during the summer months!

Rely on local estate agents

We are more than happy to be the agent you trust, and we know the Petersfield market extremely well. We aim to provide you with the best level of guidance and support you need to achieve housing market success in the summer of 2022.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Sellers Holding Firm In Housing Market

Posted on by colin_williams

With high demand for homes, it is fair to say many properties are selling quickly, and at a good price for the vendor. As buyers know they have significant competition in the market, they’ll often move quickly, and with a significant offer.

However, what of the homes that aren’t selling quickly? A study by Homesearch finds 52% of property which has been on the market for a minimum of 10 weeks haven’t been reduced in price. If vendors know the value and worth of their home, and are confident they’ll achieve this, it makes sense for them to hold firm while they can.

We help you in the local housing market

Sam Hunter, chief operating officer for Homesearch, says: “Despite recent speculation that the housing sector would slow as a result of rising inflation and the cost-of-living crisis, our data shows that the market remains buoyant and sellers are confident of securing the highest possible price. The agents we speak to are reporting that many homes are still being agreed at, or above, asking price, well within the first few weeks of going on sale. This is largely due to the ongoing lack of supply which is keeping prices strong, though the desperate need to move appears to have left the market.”

Sam Hunter continued by saying; “Prices are more sensitive now than they have been over the last two years. A more balanced market is great news for the high-performing agents out there. If, as an agent, you’ve had a property for sale for over 10 weeks and not had a conversation about price then you are at risk of losing these instructions to competitor agents who do broach the subject.”

How are house prices in Petersfield faring?

According to Rightmove, as of the end of July 2022, the Petersfield housing market can be described as follows;

“Properties in Petersfield had an overall average price of £423,472 over the last year.

The majority of sales in Petersfield during the last year were flats, selling for an average price of £249,290. Terraced properties sold for an average of £411,998, with detached properties fetching £672,790.

Overall, sold prices in Petersfield over the last year were 15% down on the previous year and 5% down on the 2019 peak of £445,153.”

On paper, the drop in house prices in Petersfield over the past year might sound alarming, but this isn’t the case. There are many reasons for significant movements in the housing market, and as we all know, the last few years have been far from typical when it comes to buyer behaviour.

The current market in Petersfield is in excellent shape, and there is significant demand for homes in the local area. If you are looking to buy or sell, rest assured we are more than happy to help you achieve your goal in the Petersfield property market.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

How To Price Your English Home For Sale In 2022

Posted on by colin_williams

As a homeowner in England, you may be wondering how to price your home for sale in 2022. You want to ensure that you get the best price possible, but you don’t want to undersell yourself, either. In this blog post, we’ll give you some tips on how to price your English home correctly and maximize your profits. Keep reading for more information!

How to price your home for sale in a buyers’ market

Buyers need to know how to price their home in a way that helps them connect with home buyers looking for houses. There is significant demand for homes in and around Petersfield, which is great news for vendors, but it doesn’t mean they can afford to be complacent when it comes to connecting with these buyers.

In the housing market, it’s all about price. You need to be competitive with your pricing in order to attract the attention of buyers who are looking for a great deal. However, you also don’t want to price your home too low and leave money on the table. The key is to find the right balance that will help you connect with the right buyer.

The housing market in Petersfield is very strong right now, with high demand for properties. This is great news for sellers, but it means that you need to be strategic with your pricing. If you price your home too low, you may miss out on potential buyers who are willing to pay more. On the other hand, if you price your home too high, you may have a harder time connecting with buyers who are looking for a great deal. The key is to find the right balance that will help you connect with the right buyer.

If you’re not sure how to price your home for sale in a buyers’ market, it’s best to consult with a real estate agent who can help you assess the current market conditions and come up with a competitive price that will attract the right buyers.

Factors to consider when setting your asking price

The housing market is always changing, and it can be difficult to know how to price your home. There are a few key factors to consider when setting an asking price. First, look at the overall housing market in your area. Is there high demand for properties? Are there more buyers than sellers? This will give you an idea of how much negotiating power you have. Next, take a look at the condition of your home. Is it in need of repair? Are there any major problems that will need to be fixed before selling? If so, this will impact the asking price.

Finally, consider the number of bedrooms and local facilities. If your home has more bedrooms than average or is located near popular amenities, you can set a higher asking price. By taking all of these factors into account, you can come up with a realistic asking price for your home.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Flexibility Is Crucial In Housing Market

Posted on by colin_williams

With so many financial challenges at this point in time, it makes sense that many people are looking for greater flexibility in the housing market. Therefore, it shouldn’t be a surprise to learn that lifetime mortgages are rising in popularity, and that there are genuine benefits from this solution.

The greater flexibility and the ability for homeowners to stay in their house for longer is a great comfort, and something worth considering.

At Williams of Petersfield, we are on hand to assist you with all manner of property market situations, and this issue is one which might be ideal for a growing number of people. Of course, if you are looking to sell your home, we can assist you with that too.

There are many prospective buyers in and around Petersfield, and we can assist you connect with them.

Lifetime mortgages have value to some homeowners.

In a recent report, Quilter highlighted that over 5 thousand lifetime mortgages were sold in March this year – an increase of 29% against the same month last year. The data collection was done by Freedom Of Information requests to UK financial advisers and wealth managers who sell or offer products across all loan-to values bands (from small loans up towards large ones).

The data shows that the average number of lifetime mortgages are 31% higher than 2020 and 21 percent more popular with an LTV band at 10-20%.

Karen Noye, mortgage expert at Quilter, said: “These figures show that equity release is soaring in popularity. While there is a place in the market for these types of products it’s essential that people use them for the right reasons. The cost-of-living crisis is biting, and it is worrying to think that people are ripping equity out of their homes just to pay their monthly bills. One of the benefits of equity release is that if you don’t want to leave your home then this product can allow you to release capital but still live in your property.”

Karen concluded by saying; “However, lifetime mortgages do carry a significant risk that you may end up owing far more than you borrowed when the home comes to being sold. This is because this type of mortgage charges compound interest and if you don’t keep up with regular payments then the entire sum will compound. Therefore, you should be cautious when working out whether this product is right and make sure you seek professional advice to decide if it’s the right choice.”

If you are looking for guidance on this style of mortgage, or any potential move in the housing market, we are more than happy to assist you.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Fewer House Movers So Far In 2022 Isn’t A Shock

Posted on by colin_williams

When you take everything into consideration, we shouldn’t be too surprised to see that there are fewer house movers in the opening half of 2022 than there were for this period in 2021.

In 2021, we still had the stamp duty holiday, and of course, the first half of 2020 saw the pandemic shut down the property market for some time. This is why an increase of 133% in property movers for the opening half of 2020 and 2021 isn’t a surprise.

Many factors influence people’s desire to buy a house

When you compare the movers in 2021 and 2022, the drop is 35%, and of course, the impact of cost-of-living rises is likely to impact these figures too. There is still significant demand for property these days, but it is harder for many households to justify the cost of moving, or meet the criteria lenders impose on prospective buyers.

The study by the Halifax doesn’t tell us anything out of the ordinary or hint at major issues in the housing market. Rather, it confirms what is happening, and what many industry experts to happen.

We can help you with any property market move you wish to make

At Williams of Petersfield, we are on hand to assist you as best we can with any housing market move you wish to make. While the number of prospective movers has fallen compared to last year, there is still great demand for homes.

If you are looking to sell your house, rest assured there are many people looking in and around Petersfield. If you need any assistance on entering the market with confidence, we are here for you, and we are keen to assist you as best we can.

Andrew Asaam, homes director at Halifax, spoke about this situation, saying; “The number of home movers so far this year is lower than the record high set last year: this was not unexpected, and the housing market has remained buoyant in 2022 so far. The number of people moving home during the in the first six months of the year was above pre-pandemic levels and is, other than 2021, the busiest start to the year for home moves since 2008. Last year was a year like no other – the stamp duty holiday drove an incredible amount of demand, leading to an 133% increase in movers on 2020. So, it was always likely we were going to see a fall compared to that record high, but when we look at numbers overall – movers are very much still moving.”

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Petersfield Home Owners – Energy Efficiency Connects You With Buyers

Posted on by colin_williams

If you are looking to sell your Petersfield home, it is helpful to know what buyers are looking for. In the current housing market, the demand for homes far outstrips the supply of property. This is positive news for homeowners looking to sell, but you shouldn’t be complacent.

If you want to maximise the return you receive on your property, you want to connect with buyers in the most effective manner. At Williams of Petersfield, we know the local market well, and we know what property buyers are looking for. This ensures we represent you in the most effective manner.

We also know the national market, staying in touch with what is happening across the country. This ensures we help you make informed decisions.

Going green makes sense in the housing market

One trend we see at the moment, both locally and nationally is energy-efficient homes are in greater demand, and many buyers are willing to pay more for this style of home.

If you are a homeowner looking to connect with buyers, it makes sense to carry out home improvements which boost the energy efficiency rating for your home.

A recent study by FJP Investment spoke with more than 1,000 people. 44% of respondents said they would pay more for a home that has a high energy efficiency rating. When focusing on people aged between 18 and 34, 59% said they would pay more for a home with a higher energy efficiency rating.

This is important information, as it should guide you in how to best enter the market. The study also showed only 22% of respondents said they would buy a home with a low energy efficiency rating, and make improvements from there.

Give homebuyers what they are looking for

If you plan on selling your Petersfield home, it is far more productive to give buyers what they want from the start. At Williams of Petersfield, we will make sure you connect with buyers in the most appropriate manner.

Jamie Johnson, chief executive of FJP Investment, said: “The energy prices hike will see homeowners across the UK facing much higher energy bills compared to previous years, and our research shows that more people are starting to take green credentials more seriously when it comes to their next home or property investment. Greater energy-efficiency will continue to increase as a key factor in preferences as homeowners seek to reduce energy bills and live more sustainably. Now, more than ever before, developers, construction firms and designers must prioritise sustainability in future projects to meet the demands voiced by homeowners, with most seeking a property already equipped with energy-efficient features rather than one that needs retrofitting further down the line.”

Jamie Johnson also said; “While the tax relief announced in the Spring Statement on solar panels, insulation and heat pumps is a step in the right direction, the measures don’t go far enough to solve the affordability issue facing many households who will find these energy incentives largely out of reach. Driving sustainability in new homes and removing the affordability barriers to green renovations and sustainable home ownership needs to be at the forefront of the government’s agenda, who must work hand in hand with the construction industry to ensure greater progress is made.”

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Has The Demand For Homes Reached A Celling?

Posted on by colin_williams

Octane Capital have analysed approval data from the Bank of England, and they believe the demand for homes in the country has reached a ceiling level. Their analysis shows there was close to 1.6 million mortgage approvals in 2021/22. This represented a 10% increase on the previous financial year.

57% of these approvals were for a home purchase, equating to 894,393 homes. This sounds a lot, a and it is impressive, but it is only an increase of 1% compared to the previous financial year. Of course, the past few years have been challenging.

Also, the impact of the stamp duty holiday significantly affected demand and movement, so a fall in house moves isn’t as catastrophic as it might seem at first glance.

In 2020/21, there were 884,482 mortgages approved. There was an 11% increase on the 2019/20 year, but again, the timing of the financial year and the start of the pandemic affects these figures.

These have been challenging times in housing market

The housing market practically shut down in March 2020, and this lasted for a few months. Of course, from the summer of 2020, with the stamp duty holiday in place, mortgage applications and approvals skyrocketed.

Jonathan Samuels is the chief executive of Octane Capital, and he spoke about the latest interest rate increase, and what this will likely mean in the housing market. He suggests that mortgage approvals will likely fall.

He said: “The level of buyers being approved for a mortgage on a house purchase has continued to climb year on year and remains incredibly high. In this sense, the property market is still running extremely hot, although it certainly seems to have hit the ceiling with the volume of mortgage approvals for house purchases climbing by just one percent versus the previous year.”

Jonathan Samuels also said; “A hattrick of base rate increases towards the end of the last financial year will have no doubt contributed to this reduction in buyer appetites and, in contrast, we’ve seen a sharp uplift in those remortgaging to secure better rates ahead of any further interest rate hikes.  With a fourth increase coming so soon in this financial year, there’s a very good chance that the market will now start to deflate, bringing property values back down to earth and returning the market to a state of pre-pandemic normality.”

We are by your side in the housing market

If it becomes harder for many people to arrange a mortgage, it makes sense this will dampen demand for homes. After all, if you cannot afford to buy a home, you aren’t going to be active in the market.

With the demand for homes currently outstripping the supply of homes by a significant amount, this is likely to have an impact on the housing market.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.

Are House Prices Finally Slowing Down?

Posted on by colin_williams

Information contained in the Land Registry House Price Index indicates the average price of property, as of March 2022, stood at £278,436.

While there was a 9.8% annual increase, there was a slowing down in the rate of growth from the 11.3% recorded in February of this year.

This is the first time there has been a slowdown in the growth of house prices since December of last year. In a challenging market, people are looking for any sign of change, and inevitably, some people are pointing out this could signal as a sea change in the property market.

We are not as convinced about this as others, but it is worth noting, and looking at in more details.

Will the market change soon?

There will be many people sitting on the side-lines of the housing market right now. If you would prefer different market conditions before making a move, you’ll be looking for signs of change.

Jeremy Leaf, a former RICS residential chairman, said: “Although this is the most comprehensive of all the UK’s housing market surveys, it is a little historic. Nevertheless, the figures interestingly highlight the beginning of the change in the supply/demand balance.   Rising interest rates and inflation contributing to a drop in real incomes is resulting in a reduction in quantity, if not quality, of enquiries. We don’t expect property prices to fall noticeably anytime soon while the huge shortage of stock in some price ranges and locations remains, particularly as so many are still on fixed-rate mortgages or do not need to arrange finance.”

While there are many reasons why property prices might fall, the fact is as long as supply outstrips demand, it is likely property prices will remain high, and continue to rise. There will be fluctuations in the marketplace, but anyone hoping for a swift change might find this doesn’t happen as quickly as they would like.

How are house prices faring in Petersfield?

It is always helpful to consider house prices in the local area. According to Rightmove, house prices in Petersfield are faring as follows;

“Properties in Petersfield had an overall average price of £467,538 over the last year.

The majority of sales in Petersfield during the last year were terraced properties, selling for an average price of £402,904. Detached properties sold for an average of £759,404, with flats fetching £256,185.

Overall, sold prices in Petersfield over the last year were 3% down on the previous year and 5% up on the 2019 peak of £445,153.”

As you can see, locally, property prices are 3% down on the past year, which stands against the national trend.

Contact Williams of Petersfield for all your 2022 housing market needs

At Williams of Petersfield, we aim to support the Petersfield community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today.