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%.