There is no getting away from the fact that value for money is essential when it comes to big buying decisions. As buying decisions don’t come much bigger than buying a home, this is something people need to consider.
At Williams of Petersfield, we know the local housing market well, and we stay in touch with what is happening across the country.
This ensures we provide you with the best standard of service when it comes to whatever move you wish to make in the property market.
House prices continuing to rise across the country
The February data from the UK House Price Index for February 2022 indicates that on average, property prices rose by 0.5% in the month between January 2022 and February 2022. The annual increase of 10.9% means the average property in the United Kingdom holds a value of £276,755.
For the English property market, there was an increase of 0.9% in the average house of prices between January 2022 and February 2022. The annual price increase in England of 10.7%, is just less than the UK increase. The average property value in England stands at £295,888; which is greater than the average property value across the United Kingdom.
According to the UK House Price Index for February 2022, the average price of property in the South East of England stands at £380,528. This presents a 12% increase on the February 2021 figure, but a 0.3% fall on the January 2022 figure.
Average property price by type across England
- Detached properties hold an average price of £469,095 representing an annual increase of 14.4%
- Semi-detached properties hold an average price of £281,313 representing an annual increase of 11.3%
- Terraced properties hold an average price of £238,145 representing an annual increase of 8.7%
- Flat/maisonette properties hold an average price of £250,047 representing an annual increase of 7.8%
How is the Petersfield housing market faring?
According to Zoopla, the breakdown of property type prices in Petersfield is as follows:
- Detached: £886,665
- Semi-detached: £472,786
- Terraced: £427,555
- Flats: £263,436
In the past 12 months, the same source says there have been 254 property sales in Petersfield, and that the average sold price is £575,783.
For all the property types, the average sales price in Petersfield is higher than the UK average. This isn’t a bad thing, there are many different buyers looking for property, and we believe the Petersfield housing market offers considerable value for money.
If you are looking for guidance in the Petersfield property market, or for property in surrounding areas, 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.