2023: The Year Of The Rabbit

 

This year, Chinese New Year fell on the 22nd January, beginning the Year of the Rabbit. The rabbit is one of 12 zodiac animals, and it represents patience, peace and prosperity.

Quealy & Co Estate Agents in Sittingbourne take a look at how things have changed since the last year of the Rabbit…

Since the last year of the Rabbit in 2011, average house prices in the UK have risen by a total of 59%, with an average annual rate of 4.5% per annum. The largest annual growth in this period was 10.1% recorded in 2021!

Buyers from China play an important role in the prime central market in London, particularly the new build market and are currently able to get a 10% discount on property prices in the UK due to the exchange rates alone.

A total of 204,646 residents (0.4% of total) aged 3 and over living in England and Wales have Chinese (Mandarin, Cantonese or Other Chinese) as their main language.

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How much is your home worth?

When is the last time you had an accurate and up to date valuation on your home in Kent? Quealy & Co would be happy to provide a free, no obligation property valuation for both sale and letting purposes. Call us 01795 429836 or email hello@quealy.co.uk to book your free appointment.  

Source: Dataloft, Nationwide, Census 2021