End of the year – 2024
Smart homes
Reflecting on 2024 as we head into 2025:
As the year comes to a close, it’s the perfect moment to reflect on what has been a truly fantastic year for the Smart Homes team. We’re proud to share that 2024 brought a remarkable 20% increase in growth compared to 2023!
This year, we’ve also witnessed greater stability in interest rates, particularly in the latter half of the year. While we’re no longer enjoying the ultra-low rates of 1.5% that some of us remember, this new stability has provided much-needed confidence for both buyers and sellers to make well-informed decisions.
Our achievements for the year are equally inspiring:
- 1,666 homes valued across Solihull and surrounding areas.
- 623 properties successfully sold.
- 721 new properties brought to market.
These accomplishments reflect the incredible effort and dedication of our team. 2024 has been nothing short of phenomenal, and none of it would have been possible without the unwavering support of our staff and clients.
To everyone who contributed to this year’s success, I extend my heartfelt thanks. Here’s to continued success in 2025!
New Homes
End of Year Reflection: Challenges and Optimism in the Property Market
As we approach the end of the year, it’s a good time to reflect on what has undoubtedly been a challenging period for the property market. Interest rate changes have reshaped buyer behaviour, reducing activity among first-time buyers and investors. The additional stamp duty surcharge has further impacted investor confidence, creating a more complex environment for property transactions.
However, despite these hurdles, we are ending the year on a positive note and looking ahead with optimism. The upcoming year promises an increased variety of properties coming to market. From modern apartments and starter homes to luxury properties valued at over £2 million, there will be options to suit a wide range of buyers. This diverse stock will be spread across the West Midlands, providing opportunities in both city centre locations and more rural surrounding areas.
One of the key highlights this year has been our collaboration with numerous developers. We’ve worked hard to showcase their developments and help bring exciting new homes to the market. Looking ahead to next year, we’re thrilled about the prospect of building new relationships with additional developers. We’re eager to demonstrate the value we can bring in marketing their properties and connecting them with the right buyers.
While the property market has faced its fair share of challenges, it’s also shown resilience. With the support of our team, developers, and clients, we are ready to tackle whatever comes next. Here’s to a successful new year for everyone involved in the property industry!
Land and Auction
Brookvale: A Year of Growth and New Beginnings
Brookvale has experienced significant growth this year. By working closely with Smart Homes and their New Homes team, we’ve successfully secured several off-market land opportunities. Additionally, we’ve established valuable new relationships with developers, paving the way for an exciting pipeline of projects.
Over the next 12 to 18 months, these collaborations will bring a range of new developments to market under the Smart New Homes team.
A major milestone for 2024 was the launch of Brookvale Auctions, an initiative we are incredibly excited about. This new offering provides another solution for selling properties, while maintaining the exceptional level of customer care and service that Brookvale is known for.
We look forward to building on this momentum as we head into 2025 and beyond!