Buyer demand swells

In this speed read, we reflect on the figures behind the huge current demand for property

The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove).
Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for properties remains strong.
37% of properties sold for above their initial asking price in August, with an estimated 19 buyers per available property currently on the market (Propertymark).
First-time buyers, cash buyers or those buyers who are already sold subject to contract are in the best position to benefit from current market conditions.
Source: Dataloft, Propertymark, Rightmove, *First two weeks September v final two weeks of August 2021

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