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Importance of information when searching for property

In November 2020 house prices hit an all-time high according to the Office for National Statistics. On average house prices increased by 7.6% with some locations in the UK being even higher.

It is anticipated that house prices may start to fall in 2021 so if you are renovating a property to sell or have a rental property you plan to put onto the market here are some stats that you may find useful. These will help you to speed up your sale.

  • Quality of photographs (55%), description (52%) and a number of photographs (50%) were also very important in a property search.
  • Despite the pandemic stopping physical viewings during Lockdown One, only 16% of buyers said a video tour was very important.
  • Energy Performance Certificates were more important to older buyers than younger buyers. 31% of over 65s said it was very important, compared to 20% of under 35s. Source: Dataloft, Property Academy Home Moving Trends Survey 2020. Interesting given the Governments constant urge to lift minimum EPC requirements!
  • Three quarters (75%) of buyers said a floor plan was very important information when searching for a property, according to the same 2020 Property Academy Home Moving Trends Survey.

We recognise the importance of property presentation, professional standard photography and now videography to achieve successful letting of our client's properties. You can see examples here - Video Tour Viewing Channel.

If you rent property in Nottingham or Mansfield and would like some support with managing your properties, please do contact us by calling 0115 704 3163 or 01623 277115. Alternatively, you can email us via our contact us page – click here.

 

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