Nicol & Co confident of Worcestershire’s healthy housing market after 27.5% sales growth in 2021

A marked rise in property sales across Worcestershire in 2021 shows how the market bounced back despite Covid-19, according to a top estate agent in the region.

Matt Nicol, the managing director of Nicol & Co, was commenting on the latest figures which revealed 4,251 sales in the county last year, a 23% rise on sales in 2020.

These figures included a 27.5% increase to 1,819 sales in Worcester and a 19.3% rise to 611 in Worcester, while sales in Droitwich were almost identical in both years at 466 versus 469.

Mr Nicol said: “These strong figures across Worcestershire reflect a significant post lockdown recovery, while even in Droitwich the maintenance of sales at the same level shows the resilience of the local market.”

He said the healthy market was the reason behind the rise in average house prices across the county in the last 12 months, now standing at £285,700 in Malvern, £275,200 in Droitwich and £242,800 in Worcester, where 42.8% of sales took place.

Meanwhile, the lettings picture has fluctuated in the last year, with the average monthly rental figure across Worcestershire up 6% to £765.

Mr Nicol also quoted specific 2021 data for Nicol & Co, which has three branches in Droitwich, Malvern and Worcester.

He said: “Across the whole 12 months we conducted over 6,500 viewings and made and received over 300,000 phone calls on behalf of our vendors and landlords.

“We launched 482 properties, completed on 450 sales and created 135 new tenancies, and we look forward to growing these figures again in 2022.

“Against the backdrop of strong economic growth, particularly in 2021 and 2022, forecasts for property price growth over the coming years are positive.

“The housing market proved to be one of the bright stars during the initial Covid-19 pandemic, bolstered by the significant government economic support packages and the stamp duty holiday.

“The impact of the Omicron variant is yet to play out but the early indicators are that the market is returning to pre-Covid patterns.”

Mr Nicol added: “We therefore feel now is a great time to be proactive and we look forward to serving a growing volume in the Worcestershire housing market again in 2022.”

Anyone selling, buying or renting in Worcestershire can find out more about Nicol & Co via

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For further information, please call:

Matt Nicol, Managing Director, Nicol & Co, 226 Worcester Road, Droitwich Spa, WR9 8AY

Tel: 01905 779072

Prepared and issued by Steve Dyson at ASAP – 07990 978257