According to new statistics published in the property index throughout the UK, new properties entering into the market saw a competitive increase when compared to the past few weeks.
New properties coming into the market sought competitive increase with over 7715 additional properties being registered. Over 25,844 properties were being updated SSTC and the withdrawals show over 9280 properties on hand.
When we look at the numbers pre lock-down, we are beginning to see some demand for property rates heading back to its original standpoint. The demand for housing across the UK has reached a new 2020 record in fact. Between the 8th and 14th of August over 76,637 properties were listed as updated and this is up by an 8.9% margin on last year.
It’s easy to see why many people are looking for a new home after spending months at home in lock-down. Many families of realize that it’s time for them to start considering their options for a home more seriously and to look towards the future of housing to access the space they need.
The levels of activity in the market are not slowing down, property movement is happening as more people are prioritizing their property and the deals that are available in the UK market today.
There’s been no August slowdown in real estate throughout the UK this year and new properties coming into the market have remained well above £60,000 over the last seven weeks.
As many more people return to work the demand for new homes only increases and this is met by a series of estate agents that are also returning to work.
Withdrawals have hit their highest rate in 12 weeks and all most every region in the UK has experienced a faster than average sale time and a price increase on local real estate. Many sellers find themselves in the driving seat right now as there is demand for property in the market. It’s a fantastic time to secure a buyer and it's even possible to do so without using expensive marketing techniques.
The confidence for sellers remained high and as long as there are no sufficient drops in people returning to work, it’s likely that the market should continue on its same path for record numbers throughout the month of August and into early September.
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