Simmons Estates

Simmons Estates Estate Agents in Borehamwood, Elstree, Radlett and Shenley Entrusting your property to the correct estate agent is one of the most important things you can do.

Borehamwood & Elstree Leading Estate Agent & Letting Agent, offering a huge range of services., which include Residential Sales & Lettings, Commercial Sales & Lettings in Hertfordshire & North London. Simmons Estates have been selling properties for over 50 years, with a history of success in the property market and masses of knowledge in all aspects of residential sales & lettings. You are giving

them your number one asset that is worth hundreds of thousands of pounds and it is extremely important that you understand that a bad choice in estate agents can cost you thousands of pounds. At Simmons Estates our number one priority is to ensure that our clients sell or let their property for the best possible price and in a good time-frame. Call us for a free valuation and we are sure that you will be more than happy with the services we offer.

-Consumer price inflation (CPI) has risen to 5.4% in the 12 months to December 2021. This is the highest rate in 30 year...
28/01/2022

-Consumer price inflation (CPI) has risen to 5.4% in the 12 months to December 2021. This is the highest rate in 30 years, but is expected to fall back after an April peak (ONS).
-Energy costs are a major component of price rises and this is likely to turn the spotlight on energy efficient homes.
-The key driver of house prices and affordability is interest rates, which are expected to remain low in the long term, despite a small rise to 0.5% widely expected in February.
-Other drivers of demand, which are expected to continue, are lifestyle changes and deposits saved during the pandemic. Source: Dataloft, ONS, Bank of England

The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre...
19/10/2021

The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove).

Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for properties remains strong.

37% of properties sold for above their initial asking price in August, with an estimated 19 buyers per available property currently on the market (Propertymark).

First-time buyers, cash buyers or those buyers who are already sold subject to contract are in the best position to benefit from current market conditions. Source: Dataloft, Propertymark, Rightmove, *First two weeks September v final two weeks of August 2021

Property continues to rise in value. An average of independent forecasts predicts prices will end the year 5.8% higher t...
16/10/2021

Property continues to rise in value. An average of independent forecasts predicts prices will end the year 5.8% higher than at the start.

Annual price growth has moderated since the double-digit figures evident in May and June, however the search for space continues to drive demand. Working from home, at least part-time, is a lasting legacy for many of COVID-19.

Properties are selling quickly and the majority of agents expect prices will continue to rise over the next 12 months, according to the latest survey by RICS.

An average of independent forecasts produced to date in 2021 suggests prices will rise by 3.9% over the course of 2022. Source: Dataloft, HM Treasury, average of independent forecasts published in 2021 to date.

July to September is the busiest quarter of the year for the rental market. In a normal year, 32% of tenancies start in ...
13/10/2021

July to September is the busiest quarter of the year for the rental market. In a normal year, 32% of tenancies start in quarter 3. This is likely to be higher in 2021, as students and workers return to cities.

It is therefore no surprise that the UK average monthly rent has seen an annual increase of 7.5% and is higher than pre-pandemic levels.

Wales has seen the largest annual increase in monthly rent, 12.9%, followed by Scotland, 10.5%, and the East Midlands, 8.4%.

Rental growth forecasts for the next 12 months are slightly above 3%. Over the next five years, rents are forecast to increase by 4% per annum across the UK (RICS). Source: Dataloft, HomeLet, Royal Institute of Chartered Surveyors

house prices are up 14.7% compared to last year. Thinking about getting your home on the market? Come and talk to your...
12/10/2021

house prices are up 14.7% compared to last year. Thinking about getting your home on the market? Come and talk to your local property experts www.simmonsestates.co.uk

Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter....
11/10/2021

Rental properties are finding a tenant quicker than ever before, with it on average taking 21 days to find a new renter.

The RICS residential survey reports accelerating tenant demand, as a net balance of +66% of survey participants reported a pick-up in August, increasing from an already strong reading of +58%.

Dataloft Rental Market Analytics show average monthly rent in the UK to be 11% above pre-pandemic levels, year to September 2021 vs year to September 2019.

For the coming twelve months, national rental growth projections have moved above 3% for the first time since 2016. Source: Dataloft, Rightmove, Royal Institute of Chartered Surveyors

12/10/2020

With just under 26 weeks of the stamp duty holiday left, even with homes selling 31% faster than before lockdown, sellers only have 10 weeks to list their properties if they want to complete in time.
According to The Advisory, the average time to sell a property, from first day of marketing to completion, is on average 18 weeks and in a hot market, like today, it can take on average 16 weeks.
Buyer demand in August was 39% above the same time last year and mortgage approvals saw a 29% annual increase, indicating that there are plenty of buyers out there.
Although 31st March 2021 seems a long way away, vendors need to consider the time scales of selling homes and act now. Source: Dataloft, The Advisory.
Post today (6th October)! Prefer this infographic as three separate jpegs? Head to the infographics library.

⭐️Interest rates have been cut to 0.25% in a bid to shore up the economy amid the ongoing coronavirus outbreak. This is ...
17/03/2020

⭐️Interest rates have been cut to 0.25% in a bid to shore up the economy amid the ongoing coronavirus outbreak. This is the first time since the financial crisis that the Bank of England has announced an emergency move.

⭐️Low interest rates may well help cushion the housing market in the months ahead. Over 70% of homes are purchased with a mortgage.

⭐️According to data from the Bank of England, activity in the mortgage market is currently at a four-year high and mortgage rates are increasingly competitive on the high street.

⭐️In 2008, interest rates were cut for six consecutive months, falling from 5% in September 2008 to 0.5% in March 2009. Low interest rates helped the property market rebound throughout 2009.

⭐️2019 was a year of recovering rental values following the drop observed in 2018. The DPS (Deposit Protection Service) ...
14/03/2020

⭐️2019 was a year of recovering rental values following the drop observed in 2018. The DPS (Deposit Protection Service) reports a 1.4% increase in rents in 2019 (Q42018 to Q42019).

⭐️Average monthly rent in the UK is now £773, or £672 excluding London.

⭐️London continues to be the most expensive region to rent with average monthly rents of £1,345. The North East is the cheapest region to rent with monthly rents of £518.

⭐️Strongest annual growth in average monthly rents was seen in London, a 4.3% increase followed by the South West region at 3.3%.

14/03/2020

The Chancellor of the Exchequer has delivered a multi-billion spending budget, with significant investment for tackling the coronavirus outbreak and infrastructure improvements.
The Affordable Homes Programme has received a new £12 billion multi-year settlement, with £1.1 billion to support 70,000 new homes in high-demand areas across the country.
The government confirmed the introduction of a new Stamp Duty levy, for non-UK purchasers. At 2% this is lower than anticipated and will not apply to purchases until April 2021.
The Housing Minister is set to announce significant changes to the planning system later in the week following the Budget.

24/02/2020

🏠🏠 8 Of The Biggest Mistakes LANDLORDS Make Without Knowing!

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A must read for every Landlord when letting a property - experienced or not!

🏆OVER 120⭐⭐⭐⭐⭐ REVIEWS from our LANDLORDS for outstanding service in Borehamwood on Trustpilot & Google!

This is an ideal time to look back at the housing market over the past 10 years.In England and Wales, the average price ...
01/02/2020

This is an ideal time to look back at the housing market over the past 10 years.
In England and Wales, the average price of a property has risen by £72,000 over the past decade. Across the South East, South West and London, average property prices have increased by over £100,000. All but one region have seen double digit house price growth.
Official figures indicate 30% of dwellings are now rented privately from registered providers or with a job or business. This equates to an extra 1.3 million dwellings compared to a decade ago.
Changing demographics and family structures have seen the number of households rise at a higher rate than the population since 2010, a trend that looks set to continue. What will the next decade hold? Only time will tell.

Address

7 Shenley Road
Borehamwood
WD61AA

Opening Hours

Monday 9am - 6:30pm
Tuesday 9am - 6:30pm
Wednesday 9am - 6:30pm
Thursday 9am - 6:30pm
Friday 9am - 6:30pm
Saturday 9am - 5pm

Telephone

+442089052255

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