Recently released data from property portal Rightmove has
revealed the most in-demand property hotspots in 2015. And it makes for good
reading for sellers from parts of Essex and Kent that we at Balgores Property
Group operate in.
Demand for property hit an all-time high in 2015, with 110
million visits to Rightmove from house-hunters per month.
Average asking prices also leapt across the country, with
Kent performing particularly strongly. Of the top ten highest new seller asking
price growth areas outside London, four of the top five were in Kent. This
includes Gravesend, where we have a prominent branch helping customers to buy,
sell, rent or let a property. The town’s average asking
price rose by 20.5%, from £214,308 to £258,232.
Speedy sales would also appear to be on the increase. Across
England and Wales the average time it took for a property to sell in 2015 was
just 62 days. Regionally speaking, the East of England – which incorporates
many of our Essex offices – performed especially well when it comes to
properties being sold in double-quick time.
Purfleet and South Ockendon, both places near to our
branches in Romford, Upminster, Hornchurch and Basildon, were in the top ten
quickest places to sell a property outside London – 28 and 29 days respectively.
For sellers, the prospects of pushing through a quick and
smooth house sale – which is something everyone is striving for – are clearly
much higher if you happen to live in the East of England.
What is known as the ripple effect – where people who are
priced out of buying in London and the South East move to more affordable areas
nearby – has helped to increase demand in places like Essex, Kent and
Hertfordshire.
With the country’s well-documented housing shortage, demand
continues to massively outstrip supply. This, in turn, is pushing up asking
prices and giving sellers more leverage when it comes to negotiation.
January is typically Rightmove’s busiest month, so sellers
would be well-advised to bring their property to market in time to take advantage
of this surge in interest.
This year, Rightmove’s New Year rush lasted a little while
longer – with the portal recording its busiest month in March. There is nothing
to suggest that 2016 will be any different, with the property website expected
to receive record numbers of traffic and page visits over the next 12 months.
For more information about how Balgores Property Group can
help sell your home, please contact us at one of our many branches.
We have operations across Essex and Kent, from Gravesend to
Upminster. To find out how much your property could be worth in the current
marketplace, check out our free instant online valuation tool.
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