Now that the property market is stabilising and weathering the stormy waters of last year, we take a look at some predictions and influences of the year ahead.

Don’t wait and see!

With all the tumultuousness of last year, it’s easy to sit on the fence. With interest rates stabilising, the long-term view looks good. While it’s tempting to delay and procrastinate, there’s no time like the present and likely no harm in getting a free, no-obligation market valuation from a local estate agent.

Slow but steady

It’s no secret that the property market has slowed down a little, but with any slowness comes stability. Many analysts suggest that the property market is now more where it should be as interest rates had previously been very low and perhaps prices increased too quickly. With less volatility, planning is easier.

Less Carbon Legislation

In 2022, legislation required all new homes to produce 30% less carbon. With the cost of energy remaining a challenge, more energy-efficient homes with efficient appliances, better insulation and building materials mean new builds are raising the standards for all homeowners. As a result, home movers and developers are dialling into the importance of meeting these greater energy efficiency expectations.

Green mortgages

Some banks are now offering better interest rate deals for more energy-efficient homes. Reducing the cost of your energy bills could lead to a cheaper mortgage. Combine this with adding value to your property and in some instances, cash-back offers for greener homes from banks, going green could be a good option.

Embrace technology

Making your property as compatible as possible with the tech we use daily is becoming desirable. USB sockets, automatic and efficient lighting, superfast broadband, modern appliances and homes which offer an efficient and effective space to work from home are trends showing no sign of waning. So if you’ve been thinking about updating elements of your home you may want to consider new technologies at the same time. 

Building blocks

With a shortage of building materials and labour, property development is generally moving at a slower pace. Whether a new build or refurbishment, it may take a little longer.

Outlook

The outlook is very positive in many ways for 2023. Demand for rental properties will remain extremely high, buyers and sellers are still looking and mortgage deals for first-time buyers remain good with many lenders offering 5% deposit deals until the end of this year.

Looking for a new home which combines beauty and efficiency seamlessly? Browse our properties.