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The Billericay Property market

Date Published 28 June 2018

Property sales in Billericay have seen a 6% drop in the past 12 months. Growth over the same period has been positive with a 3% increase and over the past five years, we have seen a growth of 55%.

The Average property sale price was £440,810. 39% of sales were for semi detached homes and 38% opting for a detached property. We are seeing a trend of first time buyers by-passing
apartments and joining the property market with freehold properties. Only 6% of the 299 homes sold last year were for apartments. With many different mortgage products on offer, borrowing money is not a problem for most buyers and mortgage surveys are generally coming inline with the sale agreed price.

We are also seeing a trend of buyers moving along the A127 from places like Romford and Ilford to Billericay and the surrounding areas and sellers moving further afield to Norfolk and Suffolk where you get a little more for your money.
We are always happy to chat about property, why not call in or give us a call on 01277 626181.