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February 2023 Market Report for Lanarkshire

March sees the start of the Spring Rush which is traditionally the busiest time of year for the property market. Warmer weather brings home buyers out of their self-imposed winter hibernation. Longer days give more opportunities for evening viewings, and spring flowers brighten up and bring outdoor areas to life. All of these things make now the ideal time to put your property on the market.  Let's have a brief look at what's been happening over the last month in the local property market around Lanarkshire. There are currently 771 properties available on the market in the area. This is an increase of 43.6% more than were available in February 2022 which is excellent news for buyers as it gives them more choice. In January there were 693. In December there were 568, in November 620 and in October 687.  There have been a steady number of properties coming onto the market over the last few months. In February, 296 properties were put on the market in the local area. In January, that number was 203, in December, there were only 153, which is likely because many sellers were busy with festive plans. However, before that, in November there were 219 and in October there were 299. These figures clearly demonstrate that the market in this area is remaining busy. February is the month of love, and this certainly was true in the local property market with 260 homebuyers falling in love with a new property in the local area. In January there were 215 sales agreed; in December there were 135; in November there were 265; and in October there were 271. There is a high level of activity in the local property market, and we expect the second quarter of 2023 to be as busy as usual.  In October, we saw 54 price reductions across the Lanarkshire property market as a whole. There were 81 in November, 30 in December, 92 in January, and 45 in February. The market is returning to normal, and seller expectations are now more realistically aligning with reality. The local market may no longer be gripped by the frenzy that followed the pandemic, but it is remaining buoyant.  In January, there were 231 slow movers in the Lanarkshire area. This is a property that has been on the market for at least 12 weeks. This could be due to the market returning to more normal levels but expectations still being at peak levels. In January, there were 251 slow movers in the Lanarkshire area; in December, there were 182, in November, there were 120, in October, there were 90, and in September, there were 81. When houses are priced properly, they sell quickly. Setting an unrealistically high asking price at the outset can delay your move by several months Slow movers can often be due to the 3 Ps: presentation, promotion, or price. We are proud to be in the top 5 agents in the area with the smallest number of slow movers. Choosing the right agent for your property can make a very real difference in achieving your moving plans. In October, each property in the Lanarkshire area had an average of 149 daily views on Rightmove. This is the average of the top ten agents in the area. In November, it was 129.2. In December, it dropped to 76.5. This was highly typical for December, with commitments over the festive period taking precedence over house hunting for many buyers. In January, average daily views sprung back up to 122 and increased further to 153.1 in February. The levels of activity in the local Lanarkshire property market have, as expected, returned to their normal high levels in the first quarter of this year.  Average daily views per property on Rightmove for properties listed by Lanarkshire Law were 210.6 in January, which was 37.6% higher than average. We are pleased to consistently deliver above-average results for our clients. It shows the difference your estate agent can make when it comes to attracting the right buyer to your property.  If you're looking for further information about the Lanarkshire property market, or if you're thinking of selling or buying in the area, please don't hesitate to get in touch. You can call 01698 441327 or email sales@lanarkshireestateagents.co.uk.

31 Aug 2023

Do I need an EPC?

Everyone who is advertising their residential property for sale or rent in the UK is required by law to commission an EPC. In Scotland, it is required that the EPC be displayed in the property, usually in the meter cupboard or next to the boiler. You can be fined for not having an EPC when you need one. There are a few possible exceptions, but the majority of them concern businesses or places of worship. For example, your property might be exempt if it is mixed-use, such as a home that is also a shop, less than 50 square metres, or utilised for less than four months of the year, like a holiday home. What is an EPC? EPC stands for Energy Performance Certificate. An EPC grades how energy efficient a property is from A to G and 1-100. It includes advice on how to use less energy, as well as the rating the property may get if all of those recommendations were implemented. It also includes the environmental CO2 impact rating for the property. That is how much CO2 is produced during the production of hot water and heating for the property. How is an EPC produced? You need to employ a certified assessor to do the report. The EPC assessor will visit your property and gather information about your boiler, hot water tank, radiators, insulation, and windows. They then input this information into software which calculates the energy efficiency of your property and its environmental impact. How can you improve your EPC? Contained in the report will be a list of ways in which you can improve your property's EPC rating. These are not generic suggestions but will actually be specifically tailored to your property. As you will not personally benefit from any of the recommendations, you may decide not to use any of them. However, it is worth noting that a low EPC rating can put off potential buyers, as they may worry about the cost of heating the property. If you want to raise your property's rating, the single most effective thing you can do is install a new boiler. Other things that can improve the energy efficiency of your home are increasing the amount of loft insulation, adding solar panels to your roof, sealing unused chimneys to reduce draughts, and adding wall insulation. It is always a good idea to keep any documentation when having insulation installed because EPC assessors only conduct a visual inspection of your property and will not be able to see any in tucked away or inaccessible areas. It may feel like a hassle to have to arrange for an EPC to be carried out, but it can actually help you attract buyers to your home. A home with a good EPC rating will be attractive to a wide range of buyers, as many people are now concerned about their own carbon footprint and the rising cost of energy. Therefore, if your property is energy-efficient, it is definitely a selling point. Even if your property scores poorly, that is not the end of the world, as the EPC lists the potential rating that your property could achieve if the suggestions contained within it were carried out. Those looking for a fixer-upper will be particularly interested in that section. If you have any questions about EPCs or would like to learn more about how we can help you through the entire property selling process, please contact us at 01698 441327 or send us an email to sales@lanarkshireestateagents.co.uk

31 Aug 2023

Expert Estate Agents in North Lanarkshire: Spotlight on Bellshill

Buying or Selling in North Lanarkshire? Are you looking to buy or sell property in North Lanarkshire? Perhaps you are interested in the ideal neighbourhood of Bellshill? If you answered yes to any of these questions, then securing the services of an expert estate agents is an essential first step. It's not just about getting someone to facilitate the process, but finding a professional with comprehensive knowledge about the local property market, regulations, and neighbourhood descriptions. North Lanarkshire Property Market North Lanarkshire, especially Bellshill where the LLEA office is based, has been a booming property market due to its enticing balance of urban and natural environments. With its excellent transport links, proximity to Glasgow and Edinburgh, and a vast array of local amenities, it offers a great living place for families, individuals, and businesses alike. As competitive as the North Lanarkshire estate markets are, it can be overwhelming trying to navigate through the buying or selling process independently. This is where the value of having an expert estate agents based in North Lanarkshire comes in. Not only will they help you with the buying or selling process, but they can also offer significant insights and advice that will make sure you get the best deal possible. Buying in North Lanarkshire When scouting for a potential property in Bellshill, estate agents with extensive experience in this area can offer vital knowledge about the local property market trends, house prices, and the best areas to live. They can assist you in finding a home that fits your specifications and within your budget. They understand that finding the perfect home isn't simply about the property's aesthetics but also about the home's location, surrounding amenities, and infrastructure. Selling in North Lanarkshire If you're looking to sell a property in North Lanarkshire, estate agents' expertise becomes even more critical. They can offer you advice on how to best present your property to attract potential buyers and ensure that it sells at a competitive price. They can also take care of the marketing, viewings, negotiations, and paperwork involved in the selling process. In the town of Bellshill, properties range from fabulous Edwardian homes to modern apartments, offering a wide array of options for prospective buyers. The value of these properties continues to appreciate, making Bellshill a prime area for real estate investments. If you are thinking of selling your home in Bellshill, Lanarkshire Law Estate Agents are the team for you. Selling your house is one of the biggest financial transaction you will make, why not use the best? We were voted North Lanarkshire's best estate 2023. LLEA is a one stop shop for all things estate agency, with our sister company Lanarkshire Law Practice on had for all things conveyancing you really can count on us for anything. Book your free no obligation valuation today and sell your home with the best!

31 Aug 2023

The Scottish Housing Market

What's the Latest on The Scottish Housing Market? The month of May brought a glimmer of hope that the housing market in Scotland had started to rebound. At the end of last month saw Taylor Wimpey securing detailed planning of homes in west Edinburgh. We also seen Stirling Council approves plans for new Kippen development. All good news for the housing market, but what does it mean for the many smaller companies who rely on the housing market and more importantly for the residential market of buyers and sellers.  How is COVID-19 impacting the housing market? With the publication of the Scottish Government's COVID-19 route map on its phased approach to easing lockdown. As we progress through Phase 1 there is little or no change to many people or businesses. Apart from an easing up of people congregating from other families in an outside space, it is lockdown life as usual.   Everything connecting with moving homes such as sales and lettings are on hold for the foreseeable future. Moving home is therefore very unlikely unless it is deemed to be essential or exceptional circumstances. The hope is that when we move to Phase two which is expected to be in the next few days, we should see the Scottish government relax restrictions on house moves in the Scottish Housing Market.  Here are the updated COVID-19 guidelines What could be next?   Will there be a flood of activity in the Scottish housing market? According  to the ESPC, when they compared the two weeks after the English property market restrictions were relaxed to the two weeks before, there's been a 60% increase in viewing requests,37% increase in Home Report downloads and 16% increase in web traffic sessions on their main site. The hope is that this is an indication of things to come. Remeber when selling your home please read our 10 Step Guide to Get the Most Value for Your Home When we eventually do come out of lockdown, there is no doubt that the economy will be not be in a healthy robust state. We will see low growth, more government borrowing and debt and the possibility of higher taxes across many areas of our lives both personal and work related. A healthy property market needs economic growth and consumer confidence. However, on a positive side, initially there will be a backlog of people who need to relocate, and this process should be unleashed as barriers come down, allowing at least some positive movement on the market. However, you must tread carefully be safe and make sure you make the right decision for you financially in the future. If you are havign trouble with any property terms then why not check out our Jagon Buster If you have any questions regarding property sales or the scottish housing market within Lanarkshire, Bellshill, Coatbridge, Airdrie, Motherwell then please do not hesitate in getting touch at sales@LanarkshireEsteAgents.co.uk or call us on 01698 441327  For other stories please check out https://userbars.co.uk/

31 Aug 2023

10 Step Guide To Get The Most Value for Your Home

10 Step Guide to Help Sell Your Home Fast and Get You The Best Price There is no magic formula to guarantee getting your house sold quickly. However, to have the best chance of achieving your desired sales price and quick turnaround is to get it into the best shape possible with the key points below. Choose The Right Agent Home Report Valuation is More Accurate Than Your Estate Agents Increase Your Kerb Appeal De-Clutter and Spruce Up It's the Little Thing That Can Count Define each Room Give Them Some Space Make Outdoor Space Count Choose The Best Buyer Do You Really Need to Move? Our Estate Agent will work with you every step of the way to ensure we make selling your home as stress-free as possible. Book your free valuation with one of our friendly local agents today to get started.

31 Aug 2023


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