The strong buyer demand for UK properties that has characterised the whole of 2021 is still holding on as estate agents note a widening asking price to sale price gap.
A new study by NAEA Propertymark looking at estate agents’ experiences in November has shown that appetite in the housing market is showing no signs of dying down. The number of UK properties on estate agent books has fallen to its lowest ever level of 20 homes per branch, which is a 50% drop on November 2020.
Meanwhile, buyer numbers went up between October and November by an average of 12%, says the report. A huge 571 prospective buyers were registered at each branch on average, meaning there are around 29 house hunters for every available property on the market at present.
Source: BuyAssociation