In April 2021, Zoopla reported that buyer demand had risen 118% from the weekly average between 2017-2019 and supply of homes for sale has dropped 28% in the same period. This has resulted in demand far outweighing supply, particularly for family homes. This is especially true locally, with homes in Croxley Green, Rickmansworth & Chorleywood getting snapped up very quickly. We recently received 8 offers on a 3 bedroom semi-detached home in Croxley Green, which has now been agreed over asking price, after just one day of viewings and less than a week of marketing. Zoopla reports that demand will remain strong as the combination of home schooling ending and the ‘search for space’ continues, with many office-based businesses changing in the longer term to home working. This is great news if you’re looking to sell and want to maximise interest and get the best price for your home.
The Times has reported house prices have risen 8.6%
Prices are expected to continue to grow, especially over the summer months, as more businesses reopen and people start spending again. Things are looking up for the property market as well as the economy!
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We hope you have been as excited as we have to get some normality back to our lives & start socialising with our friends again! Supporting your favourite local business is so important not only from a financial point of view, but popping in to see the staff and having a chat can make such a positive difference to their day! We hope you have some nice plans for the weekend and remember to stay safe.