Commentary: Demand for garden homes UP in light of lockdowns
We give market commentary when journalists or news outlets approach us directly for comment on specific topics. We share our commentary here too. See below.
A garden has always been a sought after feature for second and third rung homebuyers, in particular, and as a result properties complete with private outdoor space will attract a healthy premium in contrast to those without.
Change of priorities
A garden has always been a sought after feature for second and third rung homebuyers, in particular, and as a result properties complete with private outdoor space will attract a healthy premium in contrast to those without.
After months spent in lockdown due to the current pandemic, buyers are now prioritising the quality of their home life over other traditional factors such as location in anticipation of a second wave and future restrictions, with a garden playing a big part in boosting this wellbeing.
Low rates helping buyers stretch further
Current low mortgage rates and the current stamp duty saving on offer are allowing many buyers to stretch that little bit further and for most, this means buying a bigger home with the additional benefits of garden space.
As a result, demand for garden homes has soared and the price premiums paid are likely to follow the same trajectory over the coming months, which is great news for sellers with garden space.
If you're a homeowner without a garden, or if you're just struggling to sell in the wake of lockdowns, it's worth knowing that we buy any house - garden or no garden. It's worth reaching out to us for a free, no-obligation offer if you're struggling to sell.
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Change of priorities
A garden has always been a sought after feature for second and third rung homebuyers, in particular, and as a result properties complete with private outdoor space will attract a healthy premium in contrast to those without.
After months spent in lockdown due to the current pandemic, buyers are now prioritising the quality of their home life over other traditional factors such as location in anticipation of a second wave and future restrictions, with a garden playing a big part in boosting this wellbeing.
Low rates helping buyers stretch further
Current low mortgage rates and the current stamp duty saving on offer are allowing many buyers to stretch that little bit further and for most, this means buying a bigger home with the additional benefits of garden space.
As a result, demand for garden homes has soared and the price premiums paid are likely to follow the same trajectory over the coming months, which is great news for sellers with garden space.
If you're a homeowner without a garden, or if you're just struggling to sell in the wake of lockdowns, it's worth knowing that we buy any house - garden or no garden. It's worth reaching out to us for a free, no-obligation offer if you're struggling to sell.
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