Buoyancy in the House Market

Mortgage Strategy reports “The housing market enjoyed a buoyant 2020 with the number of prospective buyers at the highest level for a decade, according to data from NAEA Propertymark. “But while demand soared the number of properties available to buy has not changed year-on-year, fuelling price increases.”

“NAEA Propertymark figures show that over 2020 there was an average of 403 house buyers registered per estate agency branch. This compares to an average of just 320 throughout 2019, and a previous decade high of 379 in 2015.” 

“This is an increase of 55 per cent on the figures recorded in 2010, when there were just 260 buyers per branch.” Read more https://www.mortgagestrategy.co.uk/news/demand-in-housing-market-highest-for-a-decade/