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The Isle of Wight property market has seen phenomenal highs for the past few months. The average price for property in Isle of Wight stood at £302,933 in June 2021!
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High sales volumes are eroding the supply of homes for sale, with stock levels down nearly 30% in April this year compared to the same period in 2017-2019 in the UK. The island specifically its around 45%. The demand/supply imbalance is increasingly focused on family houses. The value of new homes sold in the first 15 weeks of 2021 was double that in the same period in 2019. Annual price growth in the year to March continues to outperform in regions where homes are more affordable.
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It's a great time for sellers, with record levels of buyer demand pushing the average price of a new property up by 0.8% last month.
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The Government has proposed a series of broad reforms to the leasehold property market that could benefit millions of leasehold owners, by permitting leasehold owners, to extend existing leases for up to 990 years with zero ground rent as well as adjusting the economic mechanism by which lease extensions are calculated.
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Having an understanding of ways to aid your house sale is very important as it can ensure you sell your property in minimal time as well as achieving the most desirable value too.
Follow our 8 key steps to help achieve the best value for your home.
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Charlie Panayi- Managing Director
Charlie is an exceptionally experienced, very friendly & accomplished negotiator and business manager who is responsible for managing all Red Squirrel Property Shop LTD clients.
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Alex France- Senior Property Consultant
Alex is a knowledgeable, friendly, and experienced Senior Property Consultant at Red Squirrel Property Shop LTD.
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Karen Jardine- Lettings Manager
Karen is extremely experienced, approachable, and helpful Senior Lettings consultant at Red Squirrel Property Shop LTD.
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Top tips on saving from our MD Charlie who bought his first home at 18, then went on to build a large successful property portfolio and also helps others with advice on how to buy their first home and/or grow their portfolio;
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With the unprecedented times being so rife in daily life and what we are constantly facing; with new restrictions and guidelines being issued, it is important to have things to look forward too, therefore we have put together a series of events which will be planned for 2021. As we know following the descent of winter, the island is a wonderful place for a brisk walk whether this would be through the country side or on one of our luxurious beaches (it’s not quite the Maldives but it will do)!
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