Staines Property Market sees an unpredicted  Boost of 101%

Photo:  Mario Sánchez Prada

It doesn’t seem like two minutes ago that it was Christmas – and already it feels like a distant memory!  One cold December morning, after arranging the office’s Christmas cards I thought I would nip out for a quick festive coffee and mince pie at my favourite local coffee shop Caffe Ricco.  I bumped into an old client of mine in the coffee shop and we got talking about the Staines property market.

He asked me what my thoughts were about the last half of the year with regards to the Staines property market and if there were any great buy to let deals around. In reply I said that, in my view, shrugging off the uncertainty of the initial post Brexit vote, I had seen an increase in supply and a rise in the number of properties selling at the lower to middle end of the market, meaning both first time buyers and buy to let landlords have been returning in the last few months – proof the market is beginning to bounce back.

So let’s look at the numbers ..

In November 2016, according to the three main property portals (Rightmove, Zoopla and OnTheMarket) there were a total of 155 properties for sale in Staines (within 1 mile of the centre of Staines to be exact). In November 2015, there were only 77 properties for sale, a rise of 101%.

When I split it down into bedrooms (note:  building plots and part commercial/part residential etc. won’t be in these figures so the numbers below won’t exactly match those in the paragraph above).

	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
5+ Bedrooms	7	11	+57%
4 Bedrooms	29	33	+14%
3 Bedrooms	16	52	+225%
2 Bedrooms	18	49	+172%
1 Bedroom	6	9	+50%

.. and when I looked at type of properties  .. it got even more interesting

Type of Property	# Properties on the market in Nov 2015	# Properties on the market in Nov 2016	Per cent Change
Detached	27	38	+41%
Semi	24	47	+96%
Terraced	5	25	+400%
Flat	17	40	+135%

As the number of Staines properties put up for sale has soared by 101%, homeowners have become more realistic about how much their homes are worth. This increase in homeowners wanting to sell suggests there is renewed confidence in the Staines property market and there are also signs that people are being more realistic about pricing their .property.

As you can see, there has been a significant uplift in flats and terraced properties, which means there is greater choice for first time buyers and landlords. So with a combination of realistic pricing and more properties on the market – both first time buyers and landlords alike might be able to pick up a few bargains!