Professionals in property values
If this is the first time that you plan to sell up and buy another home, you need to understand the current value of your property.
The housing market has been extremely busy. The ONS House Price Index for June 2021* found that:
UK average house prices increased by 13.2% over the year to June 2021, up from 9.8% in May 2021; the highest annual growth rate since November 2004;
UK average house prices reached a record high of £266,000 in June 2021, which is £31,000 higher than this time last year;
Average house prices increased over the year in England to £284,000 (13.3%), in Wales to £195,000 (16.7%), in Scotland to £174,000 (12.0%) and in Northern Ireland to £153,000 (9.0%).
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London continues to be the region with the lowest annual growth (6,3%) for the seventh consecutive month.
New information shared by Dataloft, on the English Housing Survey, says:
One in every eight homemovers across the UK expects to stay in their new home for less than five years;
Over half of homebuyers aged under 34 expect to move again within a decade, 18% expect to be in move again in five years or less;
While younger buyers expect to move on quite quickly, 44% of those aged 55-64 and 35% of those aged 65+ expect to be in their new home for over 20 years;
In 2019/20, those with a mortgage spent an average of 10 years in their home. This compares to 23.8 years for owner-occupiers who own their property outright.
But it’s important to keep your expectations real – and you can keep it real, with our National Valuation Month in September. It is a wonderful opportunity to get expert advice from our local, trained agents, all free of charge or obligation.
This is our largest campaign of the year where we set out to value as many homes as possible. In our National Valuation Week in March we visited over 5,000 homes, and we look forward to providing free valuations for your properties with no obligation.
Visit hunters.com/nvm to book and find out more
How we’re giving back
Glynis Frew explains how Hunters puts something back into communities
Hunters has a strong tradition of fundraising, and Giving Back is one of our core values, which resonates throughout the network. Many branches support local and national charities, ranging from community football teams to sleeping out to raise awareness and money for homelessness charities.
One of our charities, the Nikki Waterhouse Trust, receives applications from individuals with extremely sad stories about their children, and to be in a position where we can help them and their families is a privilege.
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I am so proud of the work this charity does. Nikki, who was a staff member at Hunters, died tragically young in 2013. Each time we raise money and give back to someone in need, it makes me proud to have been part of her all-too short life. Nikki had the most amazing smile and laugh and every time we make a donation I see that smile again.
We also support less well-known charities such as The Encephalitis Society, and childrens’ charities like Martin House and Forget Me Not Children’s Hospice.
Fundraising during the pandemic has been difficult, but it didn’t stop us. The Nikki Waterhouse Trust provided 13 Chromebooks and donated them to schools across Birmingham for children desperately in need of equipment, struggling to cope with online home schooling.
At Hunters, we are all incredibly proud of our fundraising culture, and share across the group the things we have done to raise funds. We try to make this fun and part of team-building too, taking part in a range of fundraising activities, from bike rides to sky-diving and golf days.
Glynis Frew is Managing Director of Hunters
Find out more about Hunters’ charitable work at thenikkiwaterhousetrust.com