The Housing Market in 2021, What are the trends so far?
17th February 2021
The housing market is open and so far during 2021, we've witnessed the busiest January on record with homebuying experts Rightmove reporting 211 million visits to their website - an increase of 44% on January 2020. So what are the trends that are driving movers in 2021?
Location, Location, Location
For many a move to the country is on the cards, having spent the better part of a year homeschooling, teaching times tables at the kitchen table whilst balancing working from home the need for more space is at the forefront of many minds. The draw of bigger gardens, cleaner air and accessible countryside are all top of the list. In July, Rightmove reported that 30% of those in the market for a new home, and one in five first-time buyers, said they were looking for a home in the countryside. Whilst this trend may be old news, starting at the beginning of the first lockdown back in March, the same driving forces that tempted buyers to move from city to country remain in place.
There's also the chance to improve personal finances as well as quality of life. In August 2020 London's average property price was £489,000, whereas for the rest of England the average cost of a home was £256,000. High metropolitan prices, lack of gardens, overcrowding in the city and a desire to live closer to family members have driven the urge to escape to the country.
Flexible working in the Future
It's the change to home working routines for many city or suburb dwellers that has granted the freedom to live much further from their place of work. It now seems a sure prospect that when the vaccine rollout is completed, and the UK emerges from lockdown, we're unlikely to snap back exactly into the rhythms of pre-pandemic life. Large companies are already confirming that work from home arrangements will continue well into the future, with more set to adopt flexible or hybrid working patterns. Homeworking is here to stay, so it seems inevitable that dedicated study, office or home working space will feature high on the priority list for homebuyers in 2021.
22% of the UK's carbon emissions come from our homes. There's been a sharp increase in domestic energy consumption over the past year, due to increased time spent at home. With energy prices set to rise in 2021, understandably, energy efficiency is high on the list of homebuyers' priorities. In a recent poll, the Energy Saving Trust reports that 96% of UK homeowners are concerned about their home energy efficiency, with 62% of respondents saying that saving money and saving energy are of equal importance. By choosing an energy-efficient home, or even making the switch to renewable energy sources, homebuyers have the opportunity to benefit from lower energy costs and help to combat the climate crisis.
If you're looking for a new home that fits the mould for contemporary living in a countryside location, why not take a closer look at our Church Farm development? Church Farm is a charming community of elegant country homes in Rode, a beautiful village in North Somerset. Built in natural stone, with spacious, contemporary interiors, Church Farm brings together the finest traditions of West Country craftsmanship with the highest modern architectural design standards. Please take a closer look online, download the brochure or contact our sales team for more information.