Buyer demand swells

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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