House prices in my area
February 23 2023
House prices in my area - use Bricks&Logic to perform in depth analysis
Introduction

Buying or selling a house is one of the most significant financial decisions you'll ever make. Whether you're purchasing your first home or considering an investment in rental property, understanding the current state of the housing market is crucial.

This includes having insight into local house prices as well as broader national trends. However, finding accurate and up-to-date information can be challenging, especially if you're unsure where to begin.

Bricks&Logic can assist you in research house prices, offering insights from national trends down to local hotspots.

 

National Trends

To better understand House prices in your own area, it is essential to start with national trends and the changing market across England and Wales.

Bricks&Logic provides valuable insights into how key drivers such as interest rate changes and new government policies (like the stamp duty holiday) can influence prices.

By understanding these drivers, you can gain a clearer picture of where the wider market is heading, enabling you to make more informed decisions when buying or selling any property.

See Charts 01 and 02.

 

Chart 01: Average UK house price
Chart 01: Average UK house price
Chart 02: Average UK rental price
Chart 02: Average UK rental price
Regional Analysis

House prices vary widely across different regions, making it crucial to understand how your area compares to the rest of the country.

Bricks&Logic provides insights into the factors influencing the market in various regions. For instance, the post-pandemic "race for space" which saw many people relocating to rural and coastal areas pushing local prices up significantly.

Analysing these trends helps to gain a clearer understanding of where the market may be heading, helping you make more informed decisions when buying or selling a property.

See Fig. 01.

 

Fig. 01: "Race for Space" - House price map for Mar 2020 to September 2021
Fig. 01: "Race for Space" - House price map for Mar 2020 to September 2021
Local Insights

While regional data is valuable, it may not offer the level of detail needed to fully understand the dynamics in your area.

Bricks&Logic address this by providing insights into local factors that influence house prices such as transportation links and nearby amenities.

By integrating this data with your own knowledge of the area, you can gain a better understanding of property value and determine whether it's the right time for you to buy or sell.

See Fig. 02.

 

 

Fig. 02: A detailed view of house price movements in London between Mar 2020 and Sep 2021
Fig. 02: A detailed view of house price movements in London between Mar 2020 and Sep 2021
Using the Bricks&Logic Map

One of the most popular features on bricksandlogic.co.uk is the interactive map function, which allows you to explore and filter over 27 million properties across England and Wales.

The map lets you zoom in on specific areas and filter properties by various criteria, such as price, number of bedrooms, and property type. This feature makes it easy to explore different regions, understand house price trends nationwide, and identify the perfect area for you.

Whether you're buying or selling, the Bricks&Logic map is an invaluable resource for navigating the housing market.

See Fig. 03.

 

Fig. 03: An example of some of the filters available to search all properties in England and Wales
Fig. 03: An example of some of the filters available to search all properties in England and Wales
Conclusion

Understanding changing house prices in your area is essential when considering buying or selling a property.

Bricks&Logic provides access to comprehensive data and insights that empower you to make informed decisions. 

From national trends to localised insights, Bricks&Logic offers a suite of tools to help you research house prices in your area, ensuring you have the information needed to make the best possible choices.

To discover the value of your home, use our our online valuation today!

 

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