Frothy headlines about buyers yearning for outdoor space and an escape from the city last year appear to have been on the money, with an even larger exodus of London buyers bidding high for local homes.

The most recent state-of-the-nation report on the property market shows sales agreed in rural villages within easy reach of Grantham rail station and the A1 are up 47% compared with last year, with prices being agreed higher than the significant increase we witnessed in 2020.

In contrast, London values have fallen by 6% as lockdown leads many to re-evaluate their work/life balance.

This yearning for more space is also reflected in the largest rise in sales of four- and five-bedroom residences, which are particularly in demand. This year’s volume of house sales has already surpassed expectations as national and London companies have confirmed that they expect their staff to continue to work from home as lockdown restrictions are eased and the vaccination program continues at considerable pace, providing the catalyst for those currently living in London and the south east to happily consider moving to quieter areas with more space for far less money. Ironically, these prices are rising fast!

Mount & Minster's local Grantham office have reported that the residential property market is at a level not seen for more than a decade, fuelled by a combination of low interest rates, furlough payments, a stamp duty holiday and that shift in a desire for rural locations and more space.

Ralph Wyrley-Birch, Senior Partner, confirms "It's obvious to everyone watching the market closely that properties are being listed at strong price levels and are selling within days. Indeed, we've seen some of the most attractive 'chocolate-box' cottages and country houses sell within hours over the last two weeks! Astute homeowners who are thinking of selling in this inflated market are being pro-active now and liaising with us as to their marketing strategy before the market is inundated with more properties for sale, essentially giving buyers more options and pushing prices back down."

Spring is often an ideal time of year to offer your home for sale as the days are brighter and warmer, gardens look more luscious with leaves returning to trees, blossom in flower and the sea of yellow returning to the rape fields. The timing is such that people are realising that working from home is here to stay and those villages within a short distance from Grantham are cashing-in.

Thinking of taking advantage of this exciting market? Click here to contact us to arrange your FREE VALUATION.

Frothy headlines about buyers yearning for outdoor space and an escape from the city last year appear to have been on the money, with an even larger exodus of London buyers bidding high for local homes.

The most recent state-of-the-nation report on the property market shows sales agreed in rural villages within easy reach of Newark rail station and the A1 are up 47% compared with last year, with prices being agreed higher than the already significant increase we witnessed in 2020.

In contrast, London values have fallen by 6% as lockdown leads many to re-evaluate their work/life balance.

This yearning for more space is also reflected in the largest rise in sales of four- and five-bedroom residences, which are particularly in demand. This year’s volume of sales has already surpassed expectations as national and London companies have confirmed that they expect their staff to continue to work from home as lockdown restrictions are eased and the vaccination program continues at considerable pace, providing the catalyst for those currently living in London and the south east to happily consider moving to quieter areas with more space for far less money. Ironically, these prices are rising fast!

Mount & Minster's local Newark office have reported that the residential property market is at a level not seen for more than a decade, fuelled by a combination of low interest rates, furlough payments, a stamp duty holiday and that shift in a desire for rural locations and more space.

Ralph Wyrley-Birch, Senior Partner, confirms "It's obvious to everyone watching the market closely that properties are being listed at strong price levels and are selling within days. Indeed, we've seen some of the most attractive 'chocolate-box' cottages and country houses sell within hours over the last two weeks! Astute homeowners who are thinking of selling in this inflated market are being pro-active now and liaising with us as to their marketing strategy before the market is inundated with more properties for sale, essentially giving buyers more options and pushing prices back down."

Spring is often an ideal time of year to offer your home for sale as the days are brighter and warmer, gardens look more luscious with leaves returning to trees, blossom in flower and the sea of yellow returning to the rape fields. The timing is such that people are realising that working from home is here to stay and those villages within a short distance from Newark are cashing-in.

THINKING OF TAKING ADVANTAGE OF THIS EXCITING MARKET? CLICK HERE TO CONTACT US TO ARRANGE YOUR FREE VALUATION.

Considering putting your property on the market, but aren’t sure whether it's the right time? It can be difficult to know exactly when you should sell your home. Fortunately, there are times and seasons when selling your home is almost certainly the right decision. Whether you need more outdoor space, a designated home office, or if there is a burst of activity in your local property market, Mount & Minster have identified some of the best times to think seriously about selling your home.

1. Your family needs more space

Children get older and people grow! Young members of your family can grow restless sharing a room with a sibling, it’s time to consider a change. Having more space and larger rooms will accommodate your family’s needs, so bear that in mind when you’re looking at properties. Perhaps you're planning on expanding the family or are already expecting. Knowing that your family needs more space is a key factor in determining if you should put your home on the market.  

2. Look outside 

Spring is known for being an excellent time to sell your property, and for good reason. Potential buyers aren’t busy with long holidays and it coincides with an increase in sunlight and gardens coming alive after the winter, both of which do wonders for the appearance of your property. If you’re selling, try to time putting your home on the market early before others do the same, fewer properties on the market mean less competition and fewer choices for your potential buyers.

3. Promotion at work

Perhaps all that hard work is paying off and your household income has increased significantly. Now you want to treat yourself and the family. A new car will undoubtedly depreciate, whereas bricks and mortar is not only something the whole family can enjoy, it's also a better investment in the long-term. Being able to upsize or move to a more sought-after area is often the catalyst to the decision to getting your house on the market and getting moving.

4. Working from home

If, like many people, you are assessing your needs following months of lockdown and your employer continuing to benefit from employees such as yourself working from home, where you live currently may no longer be able to accommodate those needs. Having that extra bedroom or home-office will obviously mean you're able to conduct zoom meetings in privacy and peace while remaining in a zone free of any home distractions.

5. Your local property market is booming

No doubt you've heard that the East Midlands property market is booming with an exodus of London buyers to our more affordable and spacious area, particularly with our superb travel links and excellent schools. Putting your home on the market when it is flourishing will encourage your home to sell at a higher price. But how do you know when the market is flourishing? Speak to your local agent and look around your neighbourhood. Are there plenty of sold boards around? This is a good indication of the state of the property market in your area.

If you're thinking of selling, why not arrange a FREE VALUATION by clicking here.