First of all, we would like to wish our sellers, buyers, landlords and tenants the very best for 2022! We hope you all thoroughly enjoyed the festive period and are feeling refreshed and ready to tackle the year ahead.
As for our team here at Coleman Estates, the liveliness of 2021 has continued and we have already started the new year off on an unusually busy foot. Read on to find out how the property market is looking for the year ahead, and to learn about some very exciting changes taking place here at the Coleman Estates HQ.
There has been a surge in activity over the last few weeks as more people than ever are looking to make 2022 the year they find their dream home. And according to Rightmove, we’re not alone, with the number of valuations going up 19% nationwide in December 2021 compared to the previous year.
So, what does this mean? 2021 was exceptionally busy and saw the highest number of completed sales since 2007. This meant that for the majority of the year, buyer demand far exceeded supply and as soon as properties came to market, they were being snapped up at record speed and price. The property shortage was key to driving this competition, but that in turn caused potential sellers to hold back, further decreasing supply.
But now that more sellers are looking to enter the market again, we can expect things to start balancing out. As more properties become available, the competition will decrease and buyers will once again have more options available to them. And since stock is still low compared to previous years, there will be less competition for sellers and more chance of securing a quick, successful sale.
With more people looking to sell, this will balance out the market and so 2022 is looking bright for all our buyers and sellers!
As well as the market regaining balance, we have some more exciting news about our team. We would love to take this opportunity to introduce you to our newest member, Daryl. A mortgage and protection adviser who is bringing with her a whole new service for our buyers and homeowners, working in partnership with Concept Financial Services.
Specialising in the financial side of property, Daryl will be on hand to offer advice to everyone from first-time buyers and home movers to landlords and those looking to re-mortgage. She will guide you through the mortgage process right until you get your keys, helping get the right mortgage deal for you. She also specialises in first-time buyers and self-employed mortgages, providing access to hundreds of deals with specialist advice.
For a short time, we will be offering Daryl’s mortgage review services completely free of charge. Once you have had the initial meeting, she’ll put together a detailed profile containing details about what you’re looking for in your next property. Then when a property comes along that ticks all the right boxes, she’ll be in touch to let you know and help get the ball rolling as quickly as possible.
At Coleman Estates, we are dedicated to delivering 5* customer service at every stage of the purchasing process. We know that the financial side of property is possibly the most stressful, so we’re over the moon that Daryl has joined our team. We can now offer bespoke mortgage advice, streamlining your property purchase and finding you the right deal for an even brighter future.
Find out more about Daryl’s free mortgage review service here, and if you have any questions, feel free to reach out to our team. Let’s make 2022 the year you find your forever home at the right rate.
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