Here's your weekly snap shot of the UK Property Market
In this short article we reflect on the latest statistics from the UK Property Market and what this means for Homeowners and Landlords
This graph shows the number of weekly house sales in the U.K. (yellow line) dropping - if this was in a newspaper it would be doom and gloom
Yet with all things like this, the devil is in the detail
2020 and 2021 were exceptional years for the U.K. property market
In Q4 2020, an average of 23,071 properties sold per week in the UK
In Q4 2021, an average of 21,051 properties sold per week in the UK
So with the average at 19,694 per week Quarter to date .. surely we should run for the hills?
Until you look at the averages for 2019
In Q4 2019, 16,263 properties sold per week sold
In Q4 2018, 15,922 properties sold per week sold
In Q4 2017, 15,721 properties sold per week sold
In Q4 2016, 15,811 properties sold per week
We are just going back to the ways things were before lockdown.
If you are a homeowner or landlord, don’t believe what the newspapers are putting out and look at what is really happening
Don't get me wrong, house prices will be lower next year (good I say)
Its going to hard work in 2023 .. but its not Armageddon like the papers say
SOURCE: Stats compiled by Chris Watkin using data from Twenty EA
To learn more and seek advice about the different selling strategies we use for selling homes in a difficult market, then please contact us here at Millbanks on (01953) 453838 or email info@millbanks.com
"We have been selling homes for nearly 40 years and have lots of industry-wide experience for providing great selling and marketing advice for difficult markets"
Kind regards
Millbanks of Attleborough, Norfolk.