2021 Hampshire Property Market Review

31 January, 2022

The reduction in Stamp Duty Land Tax until the end of September 2021, saw many people bring forward their plans, as a result there has been an unprecedented demand for property in the locality. Many of our offices have had record breaking years, and the property market in South Hampshire has continued apace.

As a result of the pandemic, there has been a noticeable increase in the amount of people who are wanting to relocate to the area with many people recognising and prioritising the need for a change in lifestyle and work/life balance. This has in many instances led to people wanting to move from Cities to more rural or coastal areas that we are fortunate to live in. Another consequence of the lockdowns, is that people have recognised the need for change and have identified what is important to them, with a particular emphasis on outdoor space and the ability to work from home.

As a company we have embraced the challenges that have come with the pandemic and have continued to work in a covid safe environment when visiting our client’s homes. I was also particularly pleased that we were able to recommence our Property Auctions, taking them from online, to live auctions back at the Ageas Bowl. Our auctioneer Steve Sprake has commented that the success of the auctions has seen an average increase of 18% over the guide prices achieved this year, which goes against the common misconception that properties sell cheaply at auction. Selling by auction, where a property can be “Sold” on the day, is an increasingly popular way to sell a home, if you are considering selling a home that has no onward chain, please contact the Auction Department: auctions@pearsons.com

The increase in activity has created a supply and demand issue resulting in a shortage of property, with many people concerned that they may not be able to find an onward purchase. We work extremely hard to satisfy our clients, and would always advise you to trust the system and to place your property on to the market in advance, rather than finding first. You will, I am sure, be very surprised at the price that you may be able to achieve, and our bespoke service is centred around finding the best buyer for you. To discuss any aspect of moving please contact your nearest office.

We are looking forward to welcoming new and past clients to our offices. Our experienced staff are always on hand to assist you with your individual property requirements.

Mark Gilbert

Managing Director