Houses in Leominster continue to be sought after. Despite everything that’s happened in 2020, the housing market stayed extremely buoyant. There was a surge in demand over the summer due to the Government’s announcement to pause Stamp Duty payments, and house prices in the UK experienced their highest monthly rise since 2006
Demand in the UK housing market is currently at an all-time high, and during the summer peak properties were selling for their asking price, or in some cases, more.
Having to spend more time at home during 2020 led to many people seeking more space. Whether that’s moving to properties with gardens or separate areas to enable easier remote working or space to home-school children. With the commute to big cities still not having fully returned, and another lockdown underway, we are likely to see a continued ‘relocate to the suburbs’ in 2021, in order to upsize to properties meeting these criteria.
There is also a shortage of property for sale in Leominster and the surrounding villages including: Risbury, Stoke Prior, Pembrisge, Luston, Kingsland, Dilwyn etc.
This has also put a squeeze on prices and buyers compete for available property for sale in the Leominster area.
If you are thinking of selling your property in Leominster, feel free to contact Williams Estate Agents for a free property valuation.