{"id":238,"date":"2020-02-10T09:25:59","date_gmt":"2020-02-10T09:25:59","guid":{"rendered":"https:\/\/www.benhams.com\/press-release\/?p=238"},"modified":"2022-12-26T07:33:34","modified_gmt":"2022-12-26T07:33:34","slug":"properties-completing-on-valentines-day-sell-for-8-more","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/press-release\/buying\/properties-completing-on-valentines-day-sell-for-8-more\/","title":{"rendered":"Properties completing on Valentine\u2019s Day sell for 8% more"},"content":{"rendered":"

\"ValentinesIf anyone is in need of a bit of love this Valentine\u2019s Day it\u2019s the UK property market having been ghosted, neglected and avoided by buyers and sellers for the best part of the last three years. But the latest research by lettings and sales agent, Benham and Reeves, has found that the property market has been spreading the love to those completing on Valentine\u2019s Day despite this.<\/p>\n

Valentine\u2019s Day Sold Prices<\/h2>\n

Based on sold price records, Benham and Reeves looked at the average sold price on 14th February over the last three years and how it compared to transactions across England and Wales over the rest of the year. <\/p>\n

The data shows that last year, over 2,000 homebuyers sealed the deal on V.Day<\/a> with those home sellers breaking it off with their current property doing so with an average sold price of \u00a3317,993, 8% more than sold prices across the rest of the year. <\/p>\n

The previous year V.Day sold prices hit \u00a3331,062, a 12% jump above the rest of the year, with 2017 seeing an increase of 7% in sold prices on V.Day when compared to the rest of the year. <\/p>\n

Most Expensive and Least Expensive<\/h2>\n

There is apparently someone out there for everyone and the same applies within the nation\u2019s property market. <\/p>\n

Last year the difference between the most and least expensive Valentine\u2019s Day sales was a huge 30,979%, with the most expensive sale, a terraced house in Kensington and Chelsea\u2019s St James\u2019s Garden, going for \u00a35,905,000. The most affordable was the sale of a terraced house in Durham\u2019s Wheatley Hill for just \u00a319,000. <\/p>\n

Director of Benham and Reeves, Marc von Grundherr, commented:<\/h2>\n

\u201cIf you\u2019re looking for that special someone that will stick with you through thick and thin, the good and the bad, and remain consistently reliable, look no further then the nation\u2019s property market. <\/p>\n

While we\u2019ve seen some tough times of late, the future is looking bright now we\u2019ve broken up with the EU, and our departure has helped us discover a newfound level of confidence where buying and selling is concerned.<\/p>\n

However, if you have been lucky enough to secure a sale on Valentine\u2019s Day over the last three years, chances are you\u2019ve defied the Brexit blues and sold for a higher price than you might have throughout the rest of the year.\u201d<\/p>\n

\n\n\n\n\n\n\n\n
Valentine’s day average sold prices<\/th>\n<\/tr>\n
Year<\/th>\nValentine’s Day Sold Prices<\/th>\nValentine’s Day Sales<\/th>\nOverall average price<\/th>\n% difference Vday vs overall<\/th>\n<\/tr>\n
2019<\/td>\n\u00a3317,993<\/td>\n2205<\/td>\n\u00a3294,489<\/td>\n8%<\/td>\n<\/tr>\n
2018<\/td>\n\u00a3331,062<\/td>\n1858<\/td>\n\u00a3294,429<\/td>\n12%<\/td>\n<\/tr>\n
2017<\/td>\n\u00a3309,532<\/td>\n1556<\/td>\n\u00a3290,321<\/td>\n7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n
Most expensive Valentine’s Day property sales<\/th>\n<\/tr>\n
Year<\/th>\nPrice<\/th>\nproperty type<\/th>\nstreet<\/th>\ndistrict<\/th>\ncounty<\/th>\n<\/tr>\n
2019<\/td>\n\u00a35,905,000<\/td>\nT<\/td>\nST JAMES’S GARDENS<\/td>\nKENSINGTON AND CHELSEA<\/td>\nGREATER LONDON<\/td>\n<\/tr>\n
2018<\/td>\n\u00a33,545,000<\/td>\nD<\/td>\nWILDWOOD ROAD<\/td>\nBARNET<\/td>\nGREATER LONDON<\/td>\n<\/tr>\n
2017<\/td>\n\u00a32,875,000<\/td>\nF<\/td>\nBOURDON STREET<\/td>\nCITY OF WESTMINSTER<\/td>\nGREATER LONDON<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
\n\n\n\n\n\n\n\n
Most affordable Valentine’s Day property sales<\/th>\n<\/tr>\n
Year<\/th>\nPrice<\/th>\nproperty type<\/th>\nstreet<\/th>\ndistrict<\/th>\ncounty<\/th>\n<\/tr>\n
2019<\/td>\n\u00a319,000<\/td>\nT<\/td>\nGREENHILLS TERRACE<\/td>\nCOUNTY DURHAM<\/td>\nCOUNTY DURHAM<\/td>\n<\/tr>\n
2018<\/td>\n\u00a327,000<\/td>\nT<\/td>\nROYDS STREET<\/td>\nHYNDBURN<\/td>\nLANCASHIRE<\/td>\n<\/tr>\n
2017<\/td>\n\u00a319,000<\/td>\nT<\/td>\nDENT STREET<\/td>\nHARTLEPOOL<\/td>\nHARTLEPOOL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

If anyone is in need of a bit of love this Valentine\u2019s Day it\u2019s the UK property market having been ghosted, neglected and avoided by buyers and sellers for the best part of the last three years. But the latest research by lettings and sales agent, Benham and Reeves, has found that the property market … <\/p>\n

Continue reading “Properties completing on Valentine\u2019s Day sell for 8% more”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[464,462],"tags":[],"class_list":["post-238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-landlords-investors"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/comments?post=238"}],"version-history":[{"count":4,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/238\/revisions"}],"predecessor-version":[{"id":1173,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/238\/revisions\/1173"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media\/241"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media?parent=238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/categories?post=238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/tags?post=238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}