If you have been considering selling your house, you might be wondering whether you should hold off.
The housing market has gone through a tremendous pace of change over the last few years, but that frenetic pace has slowed over recent months. At the end of last year, many experts in the housing industry predicted that house prices would fall in 2023. Lloyds and Halifax expected house prices to fall by around 8%, and Nationwide predicted falls of 5%. Understandably, these predictions have made many sellers hesitate and delay putting their property on the market.
However, property price data gathered by us has revealed that property prices have increased over the last 12 months in Reading, Slough, Newbury and Bracknell. So, if you were thinking about waiting to put your property on the market, you might want to reconsider.
Reading
With a population of around 230,000 people, and easily accessible by train from London, Reading is a highly desirable location. Vibrant and diverse, Reading has a warm community feel, a good selection of entertainment and historical attractions, as well as strong employment prospects.
Average Property Prices in Reading
Over the last 12 months in Reading, the average price for detached houses has increased by 4% and the average price for a flat has increased by 14%.
Are you thinking of selling property in Reading? Our Reading estate agents provide a range of selling services.
Slough
Slough has undergone significant regeneration over recent years, with investment in shopping centres, offices and libraries to name a few. Slough is well-known for its industrial and commercial sectors, including the Slough Trading Estate, one of the largest industrial estates in a single private ownership in Europe.
Average Property Prices in Slough
Over the last 12 months in Slough, there has been a considerable increase in the average price on detached houses of 34%, as well as 16% on flats and a 1% increase on semi-detached houses.
If you are thinking about selling in Slough, our Slough estate agents can help.
Newbury
A highly desirable, historic market town, Newbury provides an enviable environment for those looking to enjoy a comfortable lifestyle. With easy access to beautiful countryside, excellent transport links and a number of very good schools, Newbury is a great place to call home for young families and retirees alike.
Average Property Prices in Newbury
In Newbury over the last 12 months, the average property price of a flat has increased by 24%, and there has also been an increase in property prices on detached houses and terraced houses of 2% and 1% respectively. Get in touch with our Newbury estate agents for more information.
Bracknell
Bracknell is a popular commuter town with a good balance between urban living and rural charm. Known for its modern architecture, including the iconic Bracknell Bull sculpture, the town has a variety of shopping and dining options, with the town centre offering a mix of high-street and independent stores.
Average Property Prices in Bracknell
Average prices have increased by 3% on detached houses and 6% on flats over the last 12 months in Bracknell.
Our estate agents in Bracknell can help you to sell your property in Bracknell.
Selling is Still a Good Option in Berkshire
There has been a significant increase in property prices over recent years, including in Reading, Slough, Newbury and Bracknell. Average property prices in Slough especially have surged over recent years. Whilst the property market has slowed in 2023, there are still opportunities to sell. In fact, you may just be surprised at how much your property could sell for in the current market.
Whilst property prices can vary significantly within each of these towns, depending on factors such as location, size, and condition of the property, Berkshire is a highly desirable county to live in and will always attract potential buyers. So don’t give up on selling your house in 2023 just yet.
