At the end of 2022, many forecasters anticipated that property prices would fall in the UK in 2023. Lloyds and Halifax expected house prices to fall by around 8%, and Nationwide predicted falls of 5%. Meanwhile, the Office for Budget Responsibility predicted prices would drop by around 9% over the next two years.
With these forecasts, it might not seem like the best time to sell a property. However, information gathered by Chancellors estate agents indicate that selling prices remain above 2022 levels in Aylesbury.
Property price data collected by our estate agents in Aylesbury shows that selling prices have increased on detached houses, flats and semi-detached houses over the last 12 months in Aylesbury. At the time of writing, detached houses in Aylesbury are selling 13% higher than they were a year ago.
Aylesbury: Buckinghamshire’s County Town
As the county town of Buckinghamshire, Aylesbury is a desirable place to call home. The town offers a range of amenities, including excellent schools, shopping centres, parks, and leisure facilities, making it an ideal place to live for people of all ages and backgrounds.
Whilst Aylesbury has undergone a lot of redevelopment over recent times, the town’s market square and cobbled streets still point to the town’s prominence as a market town in Anglo-Saxon times.
Aylesbury is an important commuter hub and is served by two train stations: Aylesbury Vale Parkway train station and Aylesbury railway station. Trains to and from the latter to London Marylebone are frequent, which is one of the reasons why Aylesbury is a popular choice for London workers seeking more affordable housing outside of the capital.
Aylesbury is home to many young families, who can choose from a number of highly regarded primary, secondary and private schools in the area.
The town has a range of cultural attractions too, including the Discover Bucks museum, Aylesbury Waterside Theatre and the Queens Park Centre.
Of course, we cannot forget that Aylesbury is within very easy reach of the marvellous Chiltern Hills too.
The Demand for Property in Aylesbury
The demand for homes in the area is high, with many families and young professionals looking to move to Aylesbury for its good schools, bustling town centre, and easy access to London.
Despite the increase in property prices, Aylesbury remains one of the most affordable towns in the South East, with prices still noticeably lower than in nearby towns such as High Wycombe and Oxford. This has made it an attractive option for those looking to buy a home in the area, as they can get more for their money compared to other towns.
Aylesbury continues to attract buyers including young families, working professionals, investors, and retirees alike. Whilst property market forecasts have understandably made those thinking about selling their house hesitant about putting their property on the market, it might be time to reconsider. You may just end up securing a sale for more than you think.
Chancellors Can Help You Sell Your Property in Aylesbury
Our estate agents in Aylesbury provide a range of services to those looking to sell property in Aylesbury. With a high level of expertise and intimate knowledge of the local area and property market, we can help you through every stage of the selling process. To find out more, please get in touch with our Aylesbury estate agents.
