1 in every 16 homes sold this year!

- Wed 01 Dec 2021

2021 will be looked back as a very strange year, but by those in the property industry it will be remembered as one of the busiest ever, particularly when you consider we started the year in a lockdown which restricted the activity in the property market.

We at Bradleys monitor all market conditions and report on all activity and as many of you will know, we help communicate our findings to help pass on the knowledge we have gathered. The latest report is from Zoopla who have provided some interesting insights into the housing market activity so far in 2021 and predictions for 2022.

One in 16 privately owned homes will have changed hands this year, making it the busiest market since 2007
Average house prices are up +6.9% on the year, as pace of growth starts to ease (regional variations will apply)
The average value of houses (from terraced to detached) are up +8.3% on the year, double the five-year average of +4.2% growth
Average apartment values are up +1.6%, just above the five-year average of +1.2% annual growth
Total supply of homes is -42% below the five-year average, but for houses, stock volumes are -55% lower
New supply will pick up pace in the New Year, easing some of the stock constraints.

Bradleys Estate Agents Marketing Director, Kai Logan, commented on the report; “I think our partners at Zoopla have summarised the activity very well although with every national or even regional report you must remember each town, in fact, each street can vary from the next. The headline statistic for me is that 1 in every 16 homes will have been sold, is really impactful and with the level of activity we are experiencing, even at the end of November, we may not be surprised to see similar levels in 2022 across our region.

House prices in most locations across the West Country are well above the national 6.9% increase reported and whilst we expect prices to continue rising in 2022, we don’t anticipate them rising quite as much. The good news for buyers is that we are already seeing a large number of sellers keen to get ahead of the New Year rush by ins

tructing us now, which follows Zoopla’s advice for sellers to be prepared sooner rather than later to take advantage of the reduced competition. The record low supply of homes currently for sale has been an issue for many movers, although with a little patience from buyers and plenty of communication between all parties involved it will hopefully result in a positive outcome. I would advise anyone seeking a property to work alongside our local offices, follow the local branch Facebook page and by speaking regularly it will help to ensure you hear about that next home sooner rather than later.”

If you are looking at selling, buying or letting in 2022 we strongly advise to contact your local Bradleys Team. The sooner you consult your local Estate Agent, the more they can help advise, plan and ensure your move is a successful one.

1 in every 16 homes sold this year!

More Stories