Buyer demand surges post-pandemic

The property market is continuing to surge as we head into the end of the year.

Buyer demand per property is more than double pre-pandemic levels according to Rightmove. They’ve also reported a 14% increase in new listings at the start of September this year, but the number of available properties for sale remains low and competition for properties remains strong.

In August, 37% of properties sold for above their initial asking price, with an estimated 19 buyers per available property currently on the market.

If you’re looking to purchase your next home soon you need to make sure that you’re in the strongest position possible whilst competition is so fierce. First-time buyers, cash buyers and those that are already sold subject to contract are the most desirable to sellers.

So, if you need to sell before you purchase then speak to your local branch to find out how they can help you with your move.

Sources: Dataloft Inform, Propertymark, Rightmove.