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Demand for property continues to soar

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Wed 02 Sep 2020

Demand for property continues to soar

The latest BriefYourMarket.com Property Index (analysing the combined on-market activity from Rightmove and Zoopla) has been published.  New properties coming to market last week saw a comparative increase on the previous week, with 7,715 additional properties being registered.

Properties changing status to SSTC saw a comparative increase on the previous week, with 25,844 additional properties being updated as SSTC.

Commenting on the period, 22.08.2020 – 28.08.2020, BriefYourMarket.com’s Chief Commercial Officer, Richard Combellack, said:
 

“Demand for housing in the UK continues to soar. SSTC has, once again, reached a new 2020 record, beating the previous highest seven-day period of recorded activity between the 8th and 14th August 2020 – when 76,637 properties were updated as SSTC – by a comparative 8.9%.   

"It is clear to see that the UK property market is at odds with the current state of the UK economy as a whole; whilst other areas of it contracts, the property market continues to go from strength to strength.

“I’ve heard the term ‘unprecedented’ used more times over the last few months than I can care to remember, but I can’t think of better adjective to describe the levels of activity that are taking place right now.

“A ‘property movement’ is happening; a ‘once in a lifetime’ period were more people than ever before are engaging with moving home and prioritising property. The usual August slowdown has nigh on disappeared. New properties coming to market have now remained above 60,000 for the last seven weeks.

“Sellers are in the driving seat when it comes to demanding a premium marketing service from their agent right now. They can see that it’s a great time to secure a buyer, and if their property isn’t getting the exposure or attention it deserves, there will inevitably be more agent movement over the next few weeks"


So if you want to take advantage of the booking property market, then please contact us on 01262 672576 or by email at “sales@ddlgestates.co.uk"

We look forward to hearing from you :)