Church & Hawes Danbury Office Autumn Activity Report

Huge upsurge in sales and enquiries in the latest quarter compared to the same period in 2023 for Danbury, Little Baddow & the surrounding villages

You may have read in the news over the past few days how the property market has seen a marked increase in sales activity over the last quarter and even the fastest annual house price increase for two years in November (announced by Nationwide, 3/12/2024).

I can happily report this announcement coincides exactly with how we’ve seen the market here locally in Danbury and the surrounding villages.

September, October & November have seen the highest level of buyer enquiries since Summer 2022. We’ve also recorded the highest number of sales agreed since the first quarter of 2023. October & November particularly were quite remarkable with an unbelievable 533% increase on the same two months last year! That’s a total value of £17,823,000 worth of property.

In the same three months, properties that have legally exchanged contracts also rose considerably, the highest since the same period 2021. There was a 94% increase from 2023 and a 68% increase from 2022.

Nationwide noted that the housing market had remained "relatively resilient" in recent months, with the number of mortgages approved at near pre-pandemic levels. Mortgage approvals in October hit the highest monthly level since August 2022, according to Bank of England figures released last week.

We now find ourselves in a similar position to 2020-2022, where we have a low level of properties for sale, in comparison to the number of buyers enquiring and wishing to buy.

I expect 2025 to continue in the same vein with the first few weeks of the year being very busy, bearing in mind they’ll be stamp duty changes in April.

You can read the BBC news article here…. https://www.bbc.co.uk/news/articles/c0mvn4g3r3ko

If you require buying or selling advice, or maybe an up to date valuation of your own property, then please don’t hesitate to drop me a line by reply or call.

If I don’t speak to you before, I wish you and your family a Merry Christmas and a happy and healthy New Year.

Please see Church & Hawes Google Reviews, CLICK HERE.

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

What to Look for in a Buy-to-Let Property

If you have some savings languishing in the bank, you might have considered investing in property. But how do you know if your savings will be safe and your rate of return worthwhile? It is all in the purchasing of the property at the outset of your investment journey. This article will show you how to pick the right house for a lucrative future in property investment.

CLICK HERE >

Master the Property Chain - Tips for a Smooth Home Sale

Accepting an offer on your property is very exciting, but it is only the middle of the process. This article shares ways that you can ensure the legal process is smooth when there is a chain of connected properties so that you can be sure to get to moving day.

CLICK HERE >

Help! My buyer has just pulled out of the sale without warning - what should I do?

It can be devastating to get the call from your agent to say your buyers have pulled out. This article offers a helpful insight into what you can do to get your move back on track.

CLICK HERE >

Is there still a desperation to own your home in the UK or is 'Generation Rent' here to stay?

Is property ownership the ultimate goal in life or is Generation Rent here to stay? This article looks at the pros and cons of living in a rented property, read on to see if you should be saving up to get on the property ladder or not.

CLICK HERE >