Posted on Mar 04, 2020

Buyers are out in force but property availability remains low…..

Many of you may have felt the impact from the dreaded B-word (Brexit) last year and put off either your property search or even selling your own property.

But is now the time to still be sitting on your hands?

Recent evidence from NAEA Propertymark has been further reporting that the supply of properties on the market has not increased in line with active buyers with the latest housing report stating potential buyers has hit a four-month high of 382 per agent branch in January. This has been based on a survey of 243 agents and this is up from 313 in December and 297 from January 2019.

Now compare this to what is happening with property stock available…. We are currently looking at the lowest available stock since June 2019 in which showed an average of 37 properties per agent which had seen an increase to 41 properties per branch in December 2019, however, we are now seeing a drop to 38.

This is further reinforced by Zoopla highlighting that property stock has in-fact increased year on year by 2.6% annually but again this just isn’t meeting the buyer demand which is up a huge 26%.

If you have been keeping an eye on the market and are sat questioning whether now is the right time, the data proves you really should be taking the jump and putting your property in front of the buyers which are now out in force!

 

For an informal chat on this, please contact the one of the team on 01480 436161 for a free valuation.

Sales & Lettings Office

Villager Homes
22a High Street,
Brampton,
PE28 4TH

01480 436 161
info@villagerhomes.co.uk

London Park Lane Office

119-121 Park Lane
London,
W1K 7AH

0203 368 8248
london@villagerhomes.co.uk

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