The development of remote working has created more freedom for people in where they can stay, and a lot of people are keen to embrace a new lifestyle that makes them happier.
From what we have seen locally, and what we know about the national market, we have seen a rise in mature buyers. If you are interested in making a move in, out or around Newton-Le-Willows, please get in touch with Fraser Reeves, and we will be more than happy to assist you.
Who is looking for homes right now?
According to information provided by whathouse, new home hunter activity in January 2022 was the highest it has been since May 2021. The research indicates there was a significant number of property buyers aged 50 or older looking for a property. There was a rise of 83% for buyers in this age group looking for retirement new build homes.
Other notable findings of the study include:
• A 50% increase in searches for luxury property
• An increase of 27% in help-to-buy properties
• An increase in the search for retirement properties by six-times
Daniel Hill, Managing Director, whathouse.com, spoke to the Property Reporter website, saying: “New home hunter activity traditionally ramps up in the first month of the year as people turn their attention to actioning plans. Despite the buoyant market activity, we saw throughout 2021, we’ve recorded even higher levels of new home buyer interest in January, signalling that a new group of prospective buyers are considering a move to a new build property. This group is primarily made up of home hunters seeking retirement and luxury family homes. They may have held back during the uncertainty of the pandemic but are now resolved to consider a move to a new build property, rather than second-hand, to improve lifestyle, increase available space and lower energy consumption and running costs.”
Daniel Hill continued by saying; “The record-breaking jump in search for retirement properties (up 83%) leaves us in no doubt that for many people in their 50s and 60s, the past two years have provided an opportunity for contemplation. Now, as health experts agree the coronavirus pandemic is reaching its end, we’re seeing a surge of interest in retirement properties as 50+ home hunters consider a change of lifestyle or a move to be nearer children or grandchildren.”
Contact Fraser Reeves for all your Newton-le-Willows property needs
As local agents in Newton-le-Willows, we are keen to support vendors, buyers and landlords in the area as best we can. We offer an extensive range of services, aimed at helping you make your next move with confidence.
If you would like to arrange a property valuation, or discuss your property options, please call Fraser Reeves on 01925 222555.