Activity levels remain high as property market continues to defy the odds🏡📈
While many expect a more balanced market to emerge over the course of 2022, there is little sign of any change in direction yet as annual property price growth remains at a 17-year high, and a record number of properties sold subject to contract within the first week of marketing.
Nicky Stevenson, MD of Fine & Country UK, comments: “The number of buyer enquiries per property for sale is traditionally highest in March, April, and May, with 2022 looking like no exception. With the largest mismatch between demand and supply at this time of year ever recorded, Rightmove report over one in five properties is currently going from listed to Sold Subject to Contract (SSTC) in just one week and nearly half within two weeks. An estimated 75% of properties are successfully finding a buyer, up from a historical average of around 50%." To continue reading, please Click Here