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   How Much Is Your Docklands Property Worth? Find Out For FREE

The number of properties for sale in Docklands has fallen by 9% since this time last year (October 2020). One of the reasons is that many Docklands buyers feel overwhelmed and fearful they will be made homeless if they sell their home and can’t buy another. So, I have decided to look again at the facts and give them to you in greater detail in this article.

My research has found the number of Docklands properties for sale started to decline last autumn (2020).

Nationally, the same story is being written as the average UK estate agency office now has around 16 properties on their books to buy, compared to 43 a couple of years ago.

So why is this an issue?  Many Docklands homeowners are wanting to move home and are worried they will put their current home on the market, it sells quickly and then be unable to find another home to buy – thus they believe they will then be making themselves homeless.

The fact is that most Docklands home buyers need to sell before they can buy their next home, meaning they need to place their property on to the Docklands property market before they can buy their next home.

Yet because of the low supply of properties for sale and the current high demand, there is an imbalance in the Docklands property market. This means some Docklands house sellers are nervous to put a ‘for sale’ board outside their house.

So, let me look at the Docklands (E14 to be precise) numbers in greater detail. According to the three main property portals (Rightmove, Zoopla and On-The-Market) ...

In October 2020, there were 2,386 properties for sale in Docklands (E14). Today, there are only 2,178 properties for sale, a

reduction of 9%.

When I break it down into bedroom numbers and type it gets even more interesting (note things like building plots and part commercial/part residential etc., won’t be in these numbers so the stats below won’t precisely match up to those above).

# Properties on the Market in Oct 2020

# Properties on the Market in Oct 2021

Percent Change

5+ Bedrooms

7

13

86%

  4 Bedrooms

67

44

-34%

  3 Bedrooms

291

234

-20%

  2 Bedrooms

998

887

-11%

  1 Bedroom

818

798

-2%

... and when I looked at the type of properties ... it got even more interesting…

Type of Property

# Properties on the Market in Oct 2020

# Properties on the Market in Oct 2021

Percent Change

Detached

7

13

86%

Semi

67

44

-34%

Terraced

291

234