New Priorities For Buyers And Tenants

While there are many reasons why people decide Camberwell is the ideal setting for them and their loved ones, we think there is a tremendous sense of community in the local area. This is a difficult time, but we are pleased to see that as people evaluate what is important to them, a sense of community is an integral factor in what they want to see in life.

A recent study by Rightmove looked at what has changed for buyers and tenants in recent weeks, and 57% of respondents said they feel there is a more robust sense of community in their local area. In tough times, people band together, making sure others aren’t left behind.

On this site, we’ve looked at many of the great efforts carried out by individuals, families, neighbourhoods, community groups and businesses. Many in the local community are suffering and struggling, so it is comforting to know that food and shelter are offered to those who need it most.

While no one will try to argue that this is a positive time for most people, some positives will likely come out of this. If we place more importance on our local community, and how we engage with others, that will be one positive as we move forward.

There will be many changes in people’s lives

However, there will also likely be many minor changes in people’s lives. The Rightmove study asked people what change they want to see in their next home, and the answers indicate how the housing market will perform as we move forward.

It shouldn’t be a surprise that the most popular response for both buyers and tenants was having a bigger garden or having access to a garden. 63% of buyers said this is the change they wish to see when they move home, and 59% of tenants said it was what they want to achieve when they move home.

Both buyers and tenants cited the same second wish concerning their next move. 43% of prospective buyers and 41% of tenants said they would like to move to a larger property. Again, this shouldn’t be a surprise, especially when people have spent a lot more time than usual at home.

When it comes to buyers, 36% of respondents said they want access to a parking space or a garage, which was the same percentage of people looking for a better workspace. Given it is likely, remote working figures will significantly increase as we move forward, this is likely to be something that buyer make a priority for their next move.

Home offices will be in demand for buyers

There is flexibility in setting up a home office, and many have found a corner of a bedroom or even a space in a hallway to be more than adequate. However, as we move forward and remote working becomes more commonplace, offering a more dependable working space will catch the eye of many buyers.

It also seems as though buyers are paying more attention to their local surroundings when thinking about their next home. 31% of respondents said they would like to live closer to parks and green spaces, while 30% of respondents said they would be happy to live in a rural area.

The decision between living in a rural or urban setting is also linked to remote working and whether people will need to travel to work daily, or at least regularly. While this is a significant decision for many people to think, we don’t think remote working will impact people’s desire to live in Camberwell.

Camberwell is well-connected, making it a suitable option for anyone looking to commute across the capital. However, when we move forward, Camberwell’s location isn’t just about work; it is about every other aspect of everyday life.

Residents have access to great schools, there is a lot of exciting shopping, and social options on their doorstep and the vast and varied delights of London isn’t too far away.

Other changes buyers are considering for their next home include:

·         Living closer to friends and family members, said by 24% of respondents

·         Living closer to non-essential amenities, was cited by 15% of respondents

·         Living closer to essential local services, raised by 13% of respondents

For tenants, changes they want to see in their next home include:

·         Living closer to friends and family members, said by 19%

·         Living closer to essential local services, cited by 16% of respondents

·         Living closer to non-essential amenities, raised by 15% of respondents

If you are considering your next move, and you would like to discuss with it a local expert, please get in touch and we will be more than happy to assist you.

If you are looking for guidance or information regarding the housing market, please get in touch with Hunters Camberwell. As a local estate agent who has the support of a national network, we are ideally placed to provide you with all the help and guidance you need to make an informed decision, so please contact us today.