2021 London Property Market – Green Space Is Vital

Tuesday, January 12, 2021

Now that we are in 2021, if you are looking to sell your home or make a move, it is vital you know what is important in the housing market.

Anyone selling their home needs to know what buyers are looking for, as this will help you to present your home in the most appropriate manner. If you are buying a home, it never hurts to know what your competitors are looking for.

Also, by checking to see what other prospective buyers are searching for, you might useful features you had overlooked.

In 2021, it shouldn’t be a surprise that green space is crucial, and this is the case in London.

We believe Belsize Park is an excellent choice. The name alone suggests greenery, but the abundance of open spaces in an area that is well connected helps residents to enjoy the best of both worlds.

The lockdown has changed property buyer expectations

Michael El-Kassir is the managing director of GRE Assets, and he said; “With the imposed lockdown restrictions meaning people have spent much more time at home this year, we believe this has led to a distinct rise in the number of people seriously considering their next property move. Low interest rates, the existing Help to Buy scheme and stamp duty incentives, have also created a sense of urgency.”

Michael continued by saying; “The pandemic has been a wakeup call for prospective buyers and renters, who have reassessed their priorities when looking for their next home. Not only are they spurred on to make the leap from London, they also recognise the importance of having access to green space, whether that is nearby parks, balconies, terraces, and gardens.”

You can enjoy the best of both worlds in Belsize Park

This is an aspect where Belsize Park holds an advantage over many parts of London. You are not far from Primrose Hill, where you can enjoy stunning views of the capital. You also get to escape the excitement and drama of the local streets.

Also, Hampstead Heath is not far away, so if you are looking for a great home surrounded by some of the most stunning views and open spaces, you should consider the benefits of Belsize Park.

Michael El-Kassir from GRE Assets also said; “The working world has also seen a vast shift, as employees and companies have adapted to working from home. While people will return to the office as the latest restrictions ease, we strongly believe businesses will continue to work flexibly moving forward, meaning adaptable space and connectivity at home is of high importance for new homeowners.”

Simon Rubinsohn, RICS Chief Economist commented: “The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months. More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country. Disaggregated data shows demand generally to run ahead of supply.”

Simon also said; “Meanwhile the results provide a further pointer to more substantive changes taking place in household behaviour in the wake of the pandemic. Increased demand for properties with garden and near green spaces has if anything increased since we tested the water in May.”

If you would like to arrange an appointment to help you negotiate the local housing market, please contact Stones Residential today by calling us on 020 7483 0685 or emailing belsizepark@stonesresidential.co.uk.