Hornchurch Is Hot – Property Market Movement

24th August 2020 posted in Sellers Buyers

It is fair to say the temperature has bene on many people’s minds of late, and it has been a scorching time of late. However, this isn’t the only thing that is hot, because the Hornchurch property market has been classed as hot, which is of interest to many people.

It is fair to say the stamp duty holiday has reignited demand for houses in many parts of the country. The Office for Budget Responsibility believes an additional 100,000 houses will be sold because of the stamp duty holiday.

At Hunters Hornchurch, we know there has been an increase in activity from buyers and vendors in the local market. We are pleased to say we work closely with many people, and the amount of contact and instructions we have received since the stamp duty holiday is welcome and positive.

Hornchurch is in demand

However, it is always pleasing to see the thoughts of other parties, especially when they agree Hornchurch is an area that is hot right now!

PropCast, a company offering property forecasting tool, examined the desirability of an area, considering the proportion of properties on the market which are under offer or sold subject to contract.

Hornchurch, and the RM12 postcode area, has been classed as “very hot”, and the company says this is an ideal time for vendors to sell their home. If you are considering selling your Hornchurch home, it makes sense to rely on the support and services of a local expert.

Gavin Brazg founded PropCast, and he said; “Since lockdown, there’s pent-up demand from buyers, which remains strong and hasn’t petered out yet. The majority of that demand is from first-time buyers, who are much more likely to be interested in the lower end of the market, which is why we’re seeing more buyer demand and activity in E17, SE4 and SE9 compared to the prime London buyer market in W1, N1C and so on, which is a completely different buyer profile.”

It shouldn’t be a surprise that this is a good time for vendors, because the stamp duty holiday has provided buyers with an incentive to buy quickly.

Arrange a valuation for your Hornchurch home

If you would like to arrange a valuation for your home, make sure you call on us. When you have a realistic valuation in place, you enter the market with more confidence. You also improve your chances of connecting with likely buyers, and this will be of benefit to you in standing out from the crowd.

Also, when you have a realistic valuation in place, you can solidify your plans for your next property move. With so much to consider these days, having a clear view of your budget and what you want to achieve with your next move should be of benefit.

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.