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Published on 29th March 2023
Spring sales: Places proving to be property hotspots
While property headlines lead on falling house prices, Rightmove has identified 10 areas where homes are selling faster than a year ago.
The general consensus is that residential property prices will fall over the next two years, before starting to climb again. Experts have, of course, been wrong before, but that pattern seems established, with prices dropping by 1.1% in the year to February. Lender, Nationwide, noted that this was the first annual fall in property values for a decade (since November 2012).
Traditionally, Spring is the season when the property market booms, with buyers vying for homes at its peak. Looking back to a year ago, property website Rightmove points out that homes were selling quicker than ever – just over 40 days on average – and at record prices. In today’s more settled market, the sales process is taking around 65 days, although this varies on the location, and even between streets in the same area. The property experts have recently identified 10 places bucking the trend. The areas where homes are selling faster than in 2022 include one county, Oxfordshire, with three names on the list.
Associated Insurance Services: Want to save on your property cover?
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Growing because we care more: Our expanding Property Management portfolio
It’s been a busy few months since January, with our Gateway Property Management teams winning lots of new business, adding over 3,500 new homes to our nationwide portfolio.
We can’t wait to support our new customers, and whole new residential communities. Caring more as a managing agent is what we do best, and this comes down to knowing what matters to our clients and tenants, and delivering on our promises daily. If we say it, we’ll do it, on schedule.
Property management highlights include:
1,350 properties in Southampton, Hampshire
500 modern homes in Standish, Wigan, Greater Manchester
320 properties in Merseyside, close to Haydock Park Racecourse
250 homes in idyllic Moreton-in-Marsh, Cotswolds
220 luxury apartments in Southend, near our head office
190 residences in Carlisle, Cumbria
140 contemporary homes in Hurstpierpoint, West Sussex
130 much-needed homes in Chatham, Kent
115 stylish homes in Easingwold, North Yorkshire, at the foot of the Howardian Hill
100 properties in Sheffield, South Yorkshire, surrounded by country parks
90 homes close to Bury St Edmunds in the Suffolk countryside
75 homes near the River Crouch, Essex
60 residential properties just south of Bristol’s city centre
45 homes in MiIborne Port, Somerset
Plus, several more schemes – from Greater London to County Durham.
Looking for a new managing agent?
Contact the Gateway team today to see how we can support you and your property or portfolio. Call us on 01702 443 555 or click here.
Meet our friendly, professional team and our thoroughly individual group.
You can discover more about our specialist property companies at LinkedIn and see how our friendly, dedicated professionals will support you. Whether you’re a property developer, investor, landlord, buy-to-let owner, management company or tenant, we’re here to help. Our service is built round our client’s needs and plans.
