Regional Property Market Update Spring 2021: Thames Valley, Berkshire, Oxfordshire and Buckinghamshire
At 6.2%, average annual price growth in the South East is lower than the UK average. However, growth is currently at its strongest level since January 2017 and considerably higher than the -0.3% recorded this time a year ago. Although Rightmove report average asking prices fell 1.4% month on month in January, properties are selling more quickly than a year ago.
Annual price growth has strengthened across the UK in recent months
Most active housing markets across Thames Valley, Berkshire, Oxfordshire and Buckinghamshire
At £342,271 the average price of a property in the South East of England is £20,000 more expensive than a year ago and activity across the market is robust. On average 3.6% of private properties are sold each year, with turnover across three areas more than 4%. Over 18,300 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.
First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.
Properties for sale in Thames Valley, Berkshire, Oxfordshire and Buckinghamshire
Wokingham, Berkshire, 4 bedrooms
Fox and Hounds Cottage is a charming home neighbouring a popular gastro pub, surrounded by fields, yet is within easy reach of Wokingham town centre as well as two mainline train stations, Wokingham and Twyford. The four-bedroom property offers plenty of parking, stunning gardens and has light and airy interiors with exposed beams.
Kidlington, Oxfordshire, 4 bedrooms
This Grade II Listed detached family home was formerly an inn run by monks, then a public house, with origins dating back to the 16th century. The accommodation comprises a generous sitting room with an open fireplace, a games room, a dining room, an office, a kitchen, four bedrooms and two bathrooms. Outside, the property has ample driveway parking, a garage and gardens.
Farnham Common, Buckinghamshire, 5 bedrooms
This delightful five-bedroom semi-detached home is extremely well-presented and is situated on a sought-after road within strolling distance of Farnham Common village shops and Burnham Beeches Nature Reserve. The property further benefits from gated driveway parking and an integral garage.
Contact us
If you want independent guidance on moving home or are looking for the best agent in your area, find your local Guild Member today.
