What's new with the property market?

What's new with the property market?




The key home trends across 2021 and 2022

 
The key home trends across 2021 and 2022
 
With 2022 on the horizon, you might already be thinking ahead to next year, whether that’s re-decorating a room, renovating a property or simply wanting to add some finishing touches to a space in your home.
 
In order to plan ahead, we’ve put together some of the key interior home trends that have emerged out of 2021 and what we think you’ll begin to see in the following few months.
 
Top trends of 2021
 
Looking back over this year, we saw many choose to add eye-catching furniture and bold murals, as well as snippets of more traditional materials like gingham and linen.
 
Going bold
 
With countless lockdowns, many of us were bored of being boring and wanted to bring the brightness inside.
 
Bold colours, feature walls, textured walls and neon lightings were all popular choices, adding a pop of colour to bring our homes to life.
 
Panelling
 
One of the biggest trends to make its way through 2021 was adding panelling walls, giving a more traditional charm to rooms.
 
Using architectural panels helps featureless walls stand out from the rest in a subtle yet stylish way.
 
Bringing the outside in
 
We filled our homes with plants and gave our furniture a natural makeover.
 
In came more natural materials, including bamboo, wicker, rattan and cane, with many favouring bringing outside elements into their homes.
 
Emerging trends for 2022
 
With sustainability a high focus at the end of 2021, it’s no doubt that this will run into 2022 and is reflected in our behaviour and elements when looking to decorate our homes.
 
Italian icons
 
Marble and granite were the standout surfaces of choice for 2021, but moving into 2022, terrazzo has seen a surge in demand, predicted to be hot next year.
 
Black accents
 
A great way of adding edge and depth to minimal spaces is black accents and hardware.
 
Choosing light and neutral colours for the main elements of your space and then adding black to certain features such as lamps, handles, radiators and tables is a great way of adding contrast to space.
 
More vintage than ever
 
With many shifting their focus to the environment, vintage finds are a greener choice.
 
Not only is shopping vintage a more efficient and sustainable option, but they can add personality to your home too.
 
Looking to make a change next year?
 
There’s no doubt that all the trends we’ve seen over the past year and those to come are great ways of bringing spaces to life, but it’s clear that the environment and sustainability will play a huge part in people’s decisions and choices in 2022.
 
Have you been thinking about moving house? Contact us to get started.
 



Your essential checklist as a landlord this winter

 
Your essential checklist as a landlord this winter
 
With the countdown to Christmas on, it’s essential that landlords prepare their properties for the colder months.
 
We’ve put together the following checklist so you can keep your property in the best condition for your tenants this winter, right through to spring.
 
Boiler
 
With boilers working extra hard over the winter months, it’s essential to make sure that they have been serviced ahead of time.
 
You may want to consider putting a service plan in place to minimise future breakdowns and disturbances.
 
Water pipes
 
Frozen water pipes are a common problem when the weather starts to turn colder.
 
Ensuring pipes have been properly lagged and insulated will prevent them from freezing or splitting – an expensive job to repair as a landlord.
 
Advising tenants to keep the heating on, even at a low temperature, may be worth considering to further prevent any problems with pipes.
 
Guttering
 
Whether your property is rented out or vacant this winter, clearing out your gutters is important to avoid potential leaks.
 
A build-up of leaves or debris in your gutters can stop rainwater or snow from draining away.
 
If not cleared away properly, this can cause several problems, including leaks, damp and cracked drainpipes.
 
Insulation
 
If the insulation in your property is properly checked, then it can go a long way to helping reduce your heating bills.
 
A better-insulated property will reduce the amount of heat lost and can therefore be a lot more attractive to tenants. Investing in your property’s insulation can also fetch you a higher rent too.
 
If you own older buildings or houses with a loft conversion, it’s important to make sure these are well insulated, it’s also worth noting that grants can be available to help improve insulation.
 
Windows and doors
 
Before the cold weather really sets in, you should take the time to inspect your seals on both windows and doors.
 
Draft excluders can often be a popular and cheap method to tackle drafts coming through doors.
 
As your leading local agent, we know how important it is to carry out a winter inspection on your properties to ensure the comfort of your tenants and avoid future repair costs.
 
For more information on any of the above or to talk with a member of our team, contact us.
 



Market predictions for the new year

 
Market predictions for the new year
 
The trio of low mortgage rates, the stamp duty holiday and changes in buyers’ priorities have all contributed to the incredible demand within the housing market in 2021. That is why we’ve managed to see an incredible leap of 30% in buyer interest across the five-year average.*
 
As the new year draws closer, we explore a few factors that are in store for the property market for 2022.
 
1. The return of first-time buyers
 
Whilst the demand is there, the range of buyers has changed.
 
At the start of the pandemic, most buyers were in the wealthier bracket of society and owned higher valued properties. Now that we’re seeing an improvement in mortgage affordability, the door has opened back up to first-time buyers!
 
If you’re a first-time buyer, we don’t expect the market to slow down anytime soon, so you’ll need to ensure you’re prepared to move quicker than normal when you find a property you like.
 
A good way to stay ahead of the game is by getting a mortgage in principle before you start house hunting.
 
Mortgage in principle (MIP) = this is a statement from a lender that they would lend you a certain amount and can assure a seller of your financial standing.
 
2. Race for space continues
 
Another domino effect from the pandemic is how homeowners began to prioritise space as one of their main needs in a property.
 
The combination of being cooped up inside, as well as businesses moving to remote working meant that people naturally discovered how much they valued space.
 
If you’re thinking of moving to find a property with more room, the time is now to get a move on with the process – especially with demand being high and surpassing supply.
 
Stay one step ahead of the game and book your up-to-date property valuation with us this month.
 



Why January is a great time to sell

 
Why January is a great time to sell
 
It’s a common misconception that market activity lulls in January, ready to resume in the spring. But with demand levels still on the rise, this couldn’t be more wrong for 2022 predictions.
 
Many see the new year as a chance for a fresh start, and that can mean homeowners are on the hunt to physically change or improve their surroundings.
 
The number of people window-shopping on Rightmove on Boxing Day last year was 50% higher than the year before.*
 
To help you decide whether to take action, here are some of the top reasons why you couldn’t pick a better month than January to sell.
 
People are on the move
 
Statistics indicate that January is the busiest time of the year for employee redistribution or staff members moving around.
 
With many of us spending Christmas at home, it can also be the final push needed for first-time buyers looking to move out or a household to decide they need somewhere with more space for the year ahead.
 
There is less competition
 
After the holiday season has come to an end, conditions are optimal for serious sellers, as many homeowners tend to take their time listing their property.
 
This means that if you work with an agent over the next month, you could get ahead of the competition and really stand out on the market.
 
Show off your home
 
Intelligent buyers house hunt in winter, as properties tend to look their worst in these months.
 
So, if your home looks spectacular and is well presented by your agent, then it will impress viewers as they will assume your property looks even better in the summer! This mentality will draw in potential buyers.
 
Placing your home on the market in January shows confidence in your home – a fantastic starting point in convincing people to buy the property.
 
If you are looking to take advantage of the lucrative new year market, please book your valuation today.
 
*Rightmove