Property buyers prefer houses over flats in Rutland recent research has found – pwew, given we sell country houses rather than apartments!
Covid-19 is the main reason why, as people seek more space inside and out. According to recent findings by house selling weather forecast, PropCast, 72% of houses for sale are under offer or subject to contract in Rutland, compared to just 48% for flats.
The findings form part of a nationwide report, where PropCast analysed buyer demand across England to see what percentage of houses and flats for sale were being snapped, and how that differed between the number of bedrooms.
On average 73% of houses for sale are under offer or subject to contract – substantially higher than the figure for flats (43%). Three-bedroom houses are in most demand at 76%, followed by two-beds (75%), four plus-beds (69%) and one-beds (62%).
Meanwhile overall in Rutland, buyer demand has continued to grow since the pandemic began, with the market rising from a cold buyers market at 32° to a very hot sellers market at 70° – up an astounding 118%.
We too have seen how hot our local housing market is right now at Fine & Country. Properties we bring to market are flying off the shelves soon after their launch whether on the open market or being sold discreetly, with London buyers being a key part of those transactions. Bidding wars, sealed bids and homes selling over guide price have been a weekly occurrence, and our offices have had one of the best years we have ever had as a result. For local homeowners, this is really reassuring news as everybody expected the property market to crash when the global pandemic first hit our shores early last year. When in fact, many areas have thrived – particularly the prime country house market.
So is now a good time to be selling your country pad?
With buyer demand so strong, yes it could well be. As long as your home is being promoted in all of the right places (not just the property portals), it has been professionally shot, it’s looking its very best on viewings and the price is set correctly from the offset, you have a very good chance of achieving a sale quickly and for the best possible price.
For more information about how our Fine & Country team can help achieve similar success for your country home in Stamford, Rutland or South Lincolnshire, contact Jan or Ildi on 01780 750 200 or e-mail stamford@fineandcountry.com.
Looking for a country house?
Take a look at our homes for sale in Rutland, Stamford and South Lincolnshire here.
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