News

Buyer demand swells to twice pre-pandemic levels

• 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