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Demand for Houses Pushes Up Prices Posted: 9th January 2021


According to the latest House Price Index from Zoopla, demand for houses has pushed the annual property price growth up to 4.3%. The trend is being seen across the whole of the UK with all regions reporting high demand for houses.

There has been a marked increase in the demand for homes with outside space along with parking and an extra room in which to work from home as the pandemic triggered a once-in-a-lifetime re-assessment of what buyers want from their homes. The result is higher demand for gardens, detached homes and more rural locations. This increased demand has put upward pressure on house prices as demand is higher than the current supply of housing.

More space has been a key factor in buyer behaviour with a 26% rise in the value of property that sold in 2020 hitting £300 billion compared to £238 billion in 2019.

At Nicol Estate Agents we don’t see the changing any time soon and if anything we are experiencing our busiest December and January for many years and the buoyant market looks set to continue.

As we enter into our third lockdown with rules tightened on everything from schooling, shopping and socialising with millions instructed to stay at home as much as possible, the housing market is fully open. New guidelines have outlined moving home as an essential purpose as long as it is carried out safely. 

The guidance states that house moves, viewings, maintenance, purchase, sale, letting, or rental of residential property that a person owns or is responsible for, can proceed. 

People can travel between council areas in order to move house, with mainland Scotland currently in full lockdown.

Register for property alerts today – we are still operating as normal. Contact us for an appointment.

Whatever your reason for moving; whether it's for extra space, to downsize or you may simply have found your dream home, Nicol can help. Our knowledge of the local property market helps us develop a marketing plan that's right for you and your property.
We want our clients to be delighted with the service we provide. Listening to your needs and understanding your requirements is our starting point. To find out more about our approach to selling homes, download our comprehensive Guide to Selling your Property here.
If you are planning on selling your home, contact Nicol Estate Agents today for an appraisal of your property. Our Managing Director Douglas Nicol and Sales Manager Daniel Cohen carry out hundreds of market appraisals every year, giving them an intimate and unparalleled knowledge of the property market in Glasgow, from city centre apartments to family homes and building plots. We will talk to you about the property market in your area, compare sales evidence, local demand for similar properties, outline our tailored marketing plan and provide details of our sales support strategy right through to completion.