Take advantage of increasing demand for property with Seymours Haslemere

There is no sign of the local property marketing cooling as demand for homes to buy and rent continues to outstrip supply. Whether you are considering selling, expanding your lettings portfolio, or even becoming a first-time landlord, understanding the value of your home in the current market is essential.

Here our award-winning experts share some of the latest property market findings, which paint a positive outlook across sales and lettings.

Property Sales

If you are cautious about marketing your home this summer, please be assured that we are successfully selling a range of properties across Haslemere, Godalming and the surrounding villages. We have registered a high volume of applicants, each with a different set of requirements.

Buyer demand is far exceeding ‘normal’ levels according to Rightmove, being 26% higher than ‘frenzied’ pre-Covid June 2019. However available homes for sale are 40% down compared to that period, impacting on the market at large.

The leading property portal has now revised its full-year 2022 house price forecast from 5% to 7% growth.

Rental Market

If you are considering renting a property or investing in a buy-to-let, you will benefit from high tenant demand. We have many individuals, couples and families waiting in the wings to find their next rental home.

Rightmove predicts average asking rent growth to reach 8% by the end of 2022 – an increase on the 5% it predicted at the start of the year. Meanwhile, it revealed the number of available rental properties has fallen by 26% year-on-year, while demand is up 6%.

Tim Bannister, director of property science at Rightmove, said: “The story of the rental market continues to be one of high tenant demand but not enough available homes to meet that demand.

“While stock levels are beginning to improve, with June seeing the highest number of new rental listings coming to market so far this year, the wide gap that has been created between supply and demand over the last two years will take time to narrow. Until then, this imbalance will continue to support asking rent growth.”

Buy-to-let

Over the last few years our lettings team have experienced an increase in residential buy-to-let investments. Investors are looking out for properties with potential, homes with good outdoor space, and those that cater for hybrid working. Properties with these features are top of the list for many tenants.

If you are planning to grow your lettings portfolio, you aren’t alone. Rightmove recently revealed that 34% of landlords are planning to expand their property portfolio over the next 12 months. With rental prices set to increase, now could be the ideal opportunity to push ahead with your plans.

If you would like to discuss selling or letting a property or would benefit from some buy-to-let advice, we would be happy to assist. Please contact our experts on 01428 787878 or arrange a free valuation here.

Find out more about our award-winning team by following this link here.