Registered buyers on the up, property supply down- Time to sell?

By in Blog with 0 Comments

The average number of prospective buyers registered in each branch in January was 425, a 10 per cent rise from December according to the National Association of Estate Agents.

The number of properties available to buy on estate agents’ books in January was 38. This is a decrease from December when 41 properties were available and the lowest recorded since July last year.

The NAEA says that the increase in house hunters and decrease in properties means there is an average of 11 buyers chasing each property.

Looking at first time buyers, the association says 30 per cent of sales last month were made to FTBs, a slight decrease from December’s 32 per cent.

Meanwhile the number of sales agreed per branch increased from six in December to eight last month – returning to the same level seen in November.

Some seven per cent sold for more than the original asking price in January – the highest amount since April 2016 – although the NAEA has given no details of the remaining 93 per cent, nor of any potential price reductions prior to their sale.

“The increase in the number of properties selling for more than asking price in January could be a result of heightened interest and the fact there is simply not enough housing to meet demand” says Mark Hayward, chief executive of NAEA Propertymark.

“When the Government issued their Housing White Paper at the start of February we stated how important it was for the industry to put forward robust solutions to really make a difference and it’s vital that building more affordable housing is at the very top of their agenda.”

Share This
George Tatham-Losh

Since forming the business in 2009, our founder, George Tatham-Losh, has become highly regarded as the local go to expert for advice on maximising property values and getting the most out of property investments, regularly speaking at events and holding well attended seminars. Born and raised in Cheltenham, George knows the town and County like no other and knows what works in the area. Alongside George is a specialist team of agents with a wealth of experience to help you sell, buy, let or rent property in Gloucestershire.

Blog Post Disclaimer

This is a personal blog. Any views or opinions represented in this blog are personal and belong solely to the blog owner and do not represent those of people, institutions or organizations that the owner may or may not be associated with in professional or personal capacity, unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual.

All content provided on this blog is for informational purposes only. The owner of this blog makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.

Downloadable Files and Images Any downloadable file, including but not limited to pdfs, docs, jpegs, pngs, is provided at the user’s own risk. The owner will not be liable for any losses, injuries, or damages resulting from a corrupted or damaged file.

Comments Comments are welcome. However, the blog owner reserves the right to edit or delete any comments submitted to this blog without notice due to :

  • Comments deemed to be spam or questionable spam.
  • Comments including profanity.
  • Comments containing language or concepts that could be deemed offensive.
  • Comments containing hate speech, credible threats, or direct attacks on an individual or group.

The blog owner is not responsible for the content in comments.

This blog disclaimer is subject to change at anytime.

If in considering action upon the contents of this blog, one should always seek professional advice.

We Won Banner We Won Banner