While there are many important aspects to consider when looking at property in London, parks and open spaces are increasingly vital. There have been many studies of late which indicate buyer searches are increasingly focusing on homes which are close to parks and open spaces.
At Hunters Stoke Newington, we have seen this for ourselves. We’ve worked closely with many buyers and vendors, and we know people love being close to a park. Thankfully, you have some great options in and around Stoke Newington.
Enjoy open space in Stoke Newington
Clissold Park is a sizable open space, and one that has helped many people during lockdown. As we move forward, the park will remain an integral aspect of everyday life for many residents but right now, it is essential!
Butterfield Green is also a brilliant option. It might be small, but the exercise machines add a different dimension to workouts. This is also a very popular space for local dog walkers.
The lockdown has changed property buyer expectations
Michael El-Kassir is the managing director of GRE Assets, and he said; “With the imposed lockdown restrictions meaning people have spent much more time at home this year, we believe this has led to a distinct rise in the number of people seriously considering their next property move. Low interest rates, the existing Help to Buy scheme and stamp duty incentives, have also created a sense of urgency.”
Michael continued by saying; “The pandemic has been a wakeup call for prospective buyers and renters, who have reassessed their priorities when looking for their next home. Not only are they spurred on to make the leap from London, they also recognise the importance of having access to green space, whether that is nearby parks, balconies, terraces, and gardens.”
Michael El-Kassir from GRE Assets also said; “The working world has also seen a vast shift, as employees and companies have adapted to working from home. While people will return to the office as the latest restrictions ease, we strongly believe businesses will continue to work flexibly moving forward, meaning adaptable space and connectivity at home is of high importance for new homeowners.”
Simon Rubinsohn, RICS Chief Economist commented: “The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months. More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country. Disaggregated data shows demand generally to run ahead of supply.”
Simon also said; “Meanwhile the results provide a further pointer to more substantive changes taking place in household behaviour in the wake of the pandemic. Increased demand for properties with garden and near green spaces has if anything increased since we tested the water in May.”