{"id":2595070,"date":"2022-02-16T14:29:54","date_gmt":"2022-02-16T14:29:54","guid":{"rendered":"https:\/\/hometruthslancs.co.uk\/?p=2595070"},"modified":"2022-03-20T13:45:24","modified_gmt":"2022-03-20T13:45:24","slug":"housing-market-update-february-2022","status":"publish","type":"post","link":"https:\/\/brightred.dev\/hometruths\/housing-market-update-february-2022\/","title":{"rendered":"Housing Market Update | February 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2595070\" class=\"elementor elementor-2595070\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e67269a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e67269a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb604a4\" data-id=\"cb604a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce8e39c elementor-widget elementor-widget-image\" data-id=\"ce8e39c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/02\/Housing-Market-Update-February-2022.png\" title=\"\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf5d8c2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf5d8c2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-da17eba\" data-id=\"da17eba\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0c0b7ed elementor-widget elementor-widget-heading\" data-id=\"0c0b7ed\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">2021 was the busiest year for the housing market since 2007.  <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0b1dd49 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0b1dd49\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5dc8658\" data-id=\"5dc8658\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef77337 elementor-widget elementor-widget-text-editor\" data-id=\"ef77337\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Despite economic headwinds, buyer demand remains high as the underlying drivers of more space and a change of lifestyle remain, supported by low-interest rates.\u00a0 So, what&#8217;s the Housing Market Update February 2022?<\/p><p>Rightmove and Zoopla report that there has been no let-up in buyer demand at the start of 2022.\u00a0<\/p><p>Rightmove report:<\/p><blockquote><p>New year demand is up 15% year-on-year and Zoopla has seen demand in the opening weeks of 2022 at 49% higher than the average witnessed between 2018-2021.<\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-45e5a3e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"45e5a3e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78cb05a\" data-id=\"78cb05a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-60cb44b elementor-widget elementor-widget-text-editor\" data-id=\"60cb44b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A lack of available property to purchase means that buyer competition is nearly double that of a year ago (Rightmove).\u00a0 Best and final offers for property in sought-after locations are commonplace, and many are selling above asking price.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1f1ad2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1f1ad2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cc7260d\" data-id=\"cc7260d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e88d05c elementor-widget elementor-widget-heading\" data-id=\"e88d05c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Annual property price growth in the year to January is 11%, the strongest start to a year since 2005.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8bdc495 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8bdc495\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dc3e837\" data-id=\"dc3e837\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-797fc85 elementor-widget elementor-widget-text-editor\" data-id=\"797fc85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are signs of stock levels improving in the coming weeks;<\/p><p>Rightmove report the number of home valuations in the first working week of 2022 was up 44% on the same time in 2021. At present, an estimated 40% of buyers inquiring about a home have not yet put theirs on the market.\u00a0<\/p><p>So \u2018power buyers\u2019 (those who have cash to buy or have already sold subject to contract), are in the best position to secure their dream property.\u00a0<\/p><p>The <a href=\"https:\/\/www.thenationalnews.com\/world\/uk-news\/2022\/02\/01\/uk-housing-market-records-strongest-start-to-year-since-2005\/\">latest data<\/a> from Nationwide indicates:<\/p><blockquote><p>Annual property price growth in the year to January is 11.2%, the strongest start to a year since 2005.<\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a553100 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a553100\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bc77acc\" data-id=\"bc77acc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-be98239 elementor-widget elementor-widget-heading\" data-id=\"be98239\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The base rate is still extremely low by historical standards and is unlikely to have a significant impact on the market in the short term.<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f578aa elementor-widget elementor-widget-spacer\" data-id=\"4f578aa\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.6.3 - 12-04-2022 *\/\n.e-container.e-container--row .elementor-spacer-inner{width:var(--spacer-size)}.e-container.e-container--column .elementor-spacer-inner,.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cee0c9a elementor-widget elementor-widget-text-editor\" data-id=\"cee0c9a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The Bank of England raised the base rate to 0.5% in early February, but this is unlikely to have a significant impact on the market in the short term.\u00a0<\/p><p>Most homeowners are on fixed-rate deals and even at 0.5%, the base rate is extremely low by historical standards.\u00a0 With energy costs a significant element of current prices rises, this may well turn the spotlight onto more energy-efficient homes. Particularly for those seeking to upgrade or take their first steps onto the property ladder.\u00a0<\/p><p>So with Rightmove analysis confirming that March is the strongest month to sell and price growth in January being the strongest in 21 years, now really is a good time to sell your home.\u00a0<\/p><p><a href=\"https:\/\/brightred.dev\/hometruths\/contact\/\">Get in touch<\/a> by giving us a call to book your valuation on 01257 451 673. We look forward to speaking with you.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>2021 was the busiest year for the housing market since 2007. Despite economic headwinds, buyer demand remains high as the underlying drivers of more space and a change of lifestyle remain, supported by low-interest rates.\u00a0 So, what&#8217;s the Housing Market Update February 2022? Rightmove and Zoopla report that there has been no let-up in buyer [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2573680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.5.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Housing Market Update | February 2022 - Home Truths<\/title>\n<meta name=\"description\" content=\"Check out our Housing Market Update February 2022 for all the latest news on buying and selling properties this year.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing Market Update | February 2022 - Home Truths\" \/>\n<meta property=\"og:description\" content=\"Check out our Housing Market Update February 2022 for all the latest news on buying and selling properties this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/brightred.dev\/hometruths\/housing-market-update-february-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Home Truths\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-16T14:29:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-20T13:45:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/brightred.dev\/hometruths\/wp-content\/uploads\/2022\/02\/Screenshot-2022-02-01-at-15.17.10-1024x727.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"727\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amber Ollier\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/brightred.dev\/hometruths\/#website\",\"url\":\"https:\/\/brightred.dev\/hometruths\/\",\"name\":\"Home Truths\",\"description\":\"Home Truths - Sales &amp; 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