< Back to blog

Thinking about selling, you’ve picked the perfect time… Posted On 18 March 2021

Record number of buyers creates the strongest housing market for sellers in a decade

 

We know if one positive thing has come out of the COVID pandemic it is the incredibly strong property market, and the latest figures from Rightmove show that demand levels are only getting stronger, which is great news for sellers. In fact, demand levels are 34% higher than this time last year when we were already experiencing a strong pre-lockdown market.

The Lockdown Effect – families looking for more outdoor space, and people not being tied to a set location with home working – has led to a major surge in buyers enquiring about properties throughout the UK. Demand is so high it is outstripping the number of homes for sale by the biggest margin over the past ten years.

Combined with the extension to the Stamp Duty Holiday, this has made it the strongest seller’s market of the decade and potentially one of the best ever Easter periods to sell. The average house price has risen each month so far in 2021 and has risen over 3% from last year already.

Rightmove’s Property Data Expert Tim Bannister has said, “Concerns of a cliff edge for the housing market at the end of March have dissipated, partly due to the tax deadline extensions in all of the UK bar Scotland. Strong buyer demand will be further boosted from April by the new Government guarantees enabling lenders to return to the widespread availability of 5% deposit mortgages.”

“All of the numbers we use to track buyer activity on our site, which allow us to analyse around 95% of the UK property market, are ahead of this time last year. In February, we recorded seven million visits on average every day to Rightmove, an annual increase of 40%.”

So, with the number of buyers actively looking, don’t delay, contact us today for a FREE, no-obligation valuation.

< Back to blog

Connect with us

Recent Posts

England will need nerves of steel in Euros showdown

Expect Scotland’s underdogs to bare their teeth in Group D clash   Ever since Robert the Bruce gave King Edward II a good seeing to at Bannockburn more than 700 years ago this month, relationships been England and Scotland have been a bit spicey. Not that they were over-cordial beforehand, but by defying the odds …

Read more...

‘Resilient’ Emona finally lands her dream role

Framework Digital impressed with new designer’s positive attitude   Emona Savova is proof that resilience and a positive attitude, allied to talent, can eventually lead to the job of your dreams… even if you have to wait a few years. The graphic and web designer first started collaborating with locally-based Framework Digital in 2018 while …

Read more...

Taking the indoors-outdoors

Making the most of your space   With warmer weather approaching, now is the perfect time to re-vamp your outside space ready for entertaining. The first thing to look at is the size and orientation of your garden. What do you want to use the space for, entertaining (dappled sun or shade is often best …

Read more...

Home is where the heart is

Even if you can’t remember which box you put it in!   Moving house is well known to be one of the most stressful things you can do, yet the lure of a new home is almost impossible to ignore. With the 30th June ‘end of stamp duty holiday’ deadline fast approaching, many are frantically …

Read more...

Ready, Steady, App-tion!

The apps you need to know about to enhance your summer   ‘There’s an app for that’ is a phrase often banded about- for good reason, it really does seem these days that there is an app for just about everything. With the market flooded with competitors, it can be difficult to sort which apps …

Read more...