Space, the final frontier!

Not Space as in the intro to Star Trek, we
are talking about Living Space, below are some sections of a recent BBC article
based around a discussion with Zoopla.

The comments made by Zoopla mirror what we
are currently seeing in the marketplace, which is the search for more space is
on and very much a focus of homeowners.

There are two solutions to the search for
Space, which are Move or extend, never have we been asked so much “What can I
build in my garden?”, Can I get an extra room in my loft? can I get planning
permission for an annexe?

With house prices rising swiftly you could
make a healthy return on investing in extending your home, if you’d like to
find out the answers to the questions above in regard to your home give us a
call, we’d be Happi to help!

Surging demand for
houses will last well into 2022 as buyers continue to look for more room after
being cooped up during the pandemic, says property website Zoopla.

A search for space
has pushed up the average price of a house by 7.3% over the past year, reaching
a new high of £230,700, it says.

“Demand for
houses is twice as high as typically seen at this time of year between 2017 and
2019, accelerating away from demand for flats, creating a disparity in average
price growth across the two property types,” Zoopla said.

“House prices
are being supported in part by a severe shortage of homes for sale, with stock
levels down some 25% in the first half of the year compared to 2020.”

“The rise in
demand for houses is something we saw in the first lockdown,” Grainne
Gilmore, head of research at Zoopla, told the BBC. “It’s a reassessment
among many homeowners of where they want to live.”

Ms Gilmore said
that with the rise of working from home, many people wanted a spare room that
could become an office, while others were seeking garden space.

As people are taking the
opportunity to move out of big cities, house prices have grown the most in
Wales at 10.2% and the North East at 8.8%.