At Hunters Hornchurch, we stay in touch with the latest studies, and we think about the impact on Hornchurch.
Recently, Zoopla has published a list of the most common buyer searches in 2020. We think these lists are interesting, as they offer insight into what homebuyers are looking.
So, we have shared these lists below, but first of all, we will look at the property on offer in Hornchurch, and then consider how buyer demand is met in the local area.
Property on offer in Hornchurch
At the end of November 2020, Rightmove had a total of 456 property types listed for sale in Hornchurch. 54 of these properties were classed as detached homes while 128 semi-detached homes were listed. 95 terraced properties were listed for sale in Hornchurch, and 132 flats were on sale.
38 bungalows were listed for sale and there were two areas of land for sale in Hornchurch.
Of the total properties listed for sale in Hornchurch, 378 results were returned when using the “Garden” filter.
The “Parking” filter returned a total of 402 results.
There was a total of 13 new homes listed for sale, and 29 retirement homes were included in the list.
Buyers’ top 10 most-searched terms
The top 10 most-searched for terms from buyers in 2020, according to Zoopla, is as follows:
With garden and parking in the top three buyer search terms used across the country, it is good to see that these terms appear so often in the homes that are available in the Hornchurch property market.
The top 10 most-searched for terms from buyers in 2019, according to Zoopla, is as follows:
The top three remain the same, even if the order has changed. With garage and parking both featuring in the top three, space is crucial, but in 2020, the need for garden space is the most important search term.
The two new search terms in the Top 10 are secluded and bungalow. Again, this is not surprising given how 2020 has panned out.
Why has buyer demand changed in 2020?
Although it is fairly obvious as to why buyer activity and behaviour has changed in 2020, the key factors which have shaped the 2020 housing market are:
- Remote working
- Stamp duty holiday
The lockdown periods caused many people to consider what is important to them. The need for space, both inside and outside of the home is apparent, and it is likely buyers can find what they are looking for in Hornchurch.
Anyone looking to move out of Inner London, but not venture too far from the heart of the capital will find Hornchurch is an ideal location. The journey time from Hornchurch Tube Station to Tower Hill is around 40 minutes.
With remote working set to become a common feature for many professionals, it is likely people will need to travel to London less regularly. Setting up home in an area like Hornchurch is likely to provide key benefits that help people feel at home.
If you are keen to stay in touch with the local housing market, we can help. At Hunters Hornchurch, we are on hand to ensure you receive all the guidance you need in the local property market, and we are here to assist you.