The top property trends for 2021
In 2020, the property market saw changes and challenges aplenty – but what does this mean for property trends in 2021? As hope appears on the horizon, with the rollout of the Covid-19 vaccine, the property market looks set for a year of positive changes in 2021.
In this blog, the Campion Homes team provides some essential guidance to potential home buyers on what to expect in the property market over the next 12 months.
The impact of the Covid-19 vaccine
The rollout of the Covid-19 vaccination programme has sparked hope into the hearts of people across the country, allowing us to look ahead to a future where we can return to some semblance of a normal lifestyle again.
The prospect of the vaccine rollout has likewise inspired confidence in the property market and wider economy. Buyers will become even more motivated to move as the year goes on and the outlook becomes even more optimistic.
At Campion Homes, we have seen lots of interest from buyers in January already, so are confident that this enthusiasm will only continue to rise as the year continues!
Record demand for housing
2020 saw an unprecedent demand for people moving home, leading to a record number of house sales, and this is set to remain the same in 2021. Home buyers have reassessed the priorities for their home over the course of successive lockdowns, spending more time at home than ever before.
This time for reflection has prompted buyers to search for a home that fully meets their needs – with capacity for home working, a more rural setting where you can get so much more for your money and ample outdoor space topping the list of priorities.
As working from home doesn’t look like it is going anywhere in 2021, this demand is likely to fuel the need for new homes throughout the rest of the year, too. We have a blog on how Covid-19 has impacted new home buyer priorities here if you want to find out more about this.
Campion Homes properties are perfect for those who WFH, with high-speed WIFI as standard and ample space for a home office – take a look at our blog to find out why our new build homes are perfect for home working.
Attractive mortgage rates
With the Bank of England base interest rate unlikely to increase any time soon, this will have a positive impact on mortgages, with rates expected to stay down for at least the first half of 2021. This makes it an attractive time to purchase property.
Further, banks are also gaining confidence to lend again as the prospect of normality returns, which will help increase the availability of mortgage approvals.
If you have any questions about financing a new home, we have a really helpful blog with our financial adviser’s top tips here.
Urban village living
One theme which looks set to continue throughout 2021 is the demand for the ‘urban village’ lifestyle, which combines the benefits of countryside living with the convenience of having larger communities nearby.
Many home buyers have been tempted with the idea of a slower pace of life, longing for green open spaces, access to nature and a close-knit community. In the ideal urban village, these benefits are combined with having urban features such a shops, travel links, restaurants, bars and entertainment, located close by.
Campion Homes developments tick all the boxes of the urban village lifestyle – for example, our Law View Development is in a tranquil location on the coast of east Fife, while retaining the convenience of being centred between the commercial centres of Kirkcaldy and Glenrothes. Likewise, our Linden Meadow development resides in a beautifully rural part of Fife near the village of Star, yet remains close to Glenrothes with convenient road & rail links to Glasgow, Edinburgh and Perth.
Campion Homes is there to help you every step of the way when buying your new build home. You can view our full range of developments here and you can get in touch with our team if you have any queries.