Homeowners want more space, thanks to Covid
By Sarah Wood | 30th April 2021
A rise in working from home has changed what people are looking for from a new home, according to a Cheltenham estate agent.
Gavin Wallace, director and branch manager of Perry Bishop, said: "As lockdown restrictions lift, a large number of professionals will continue to work remotely. This has spawned an increase in house hunters searching for property with separate office space, more living area and a larger outdoor area. Many buyers and tenants are looking for access to a garden or balcony. Urban spaces with easy access to parks and green are also in demand."
Thanks to Covid, families across the UK are finding themselves having to rent while they wait for their preferred type of property to come onto the market. Many sellers are waiting until they have been vaccinated before putting their homes on the market and allowing viewings.
Following a relatively subdued start to the year, the housing market is enjoying a resurgence, with prices hitting record highs. With property values 6.5 per cent up on a year ago and demand high, gazumping nationwide increased by 39 per cent last month.
Gavin Wallace addded: "We are now in prime selling season and the only thing that could hold the market back is supply of property which ironically the lack of is fuelling the house price inflation. More supply over the summer should balance the hiatus, but we are still set for a strong market for some time."
To book a valuation with Perry Bishop, call Gavin Wallace on 01242 246980 or email GavinWallace@perrybishop.co.uk.
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