< 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

Wake Up and Smell the Coffee

Sip your Favourite Beverage this Coffee Week   The UK’s Coffee week begins on Monday 18th October this year and is a period where coffee shops, restaurants, roasters, and their customers come together to raise funds for Project Waterfall – a charity working to end the water crisis in coffee-growing communities across the world. By …

Read more...

Does your Home Still Suit Your Needs?

Deciding whether to stay or Go Deciding to move house is an exciting, if somewhat daunting, decision. Identifying your ‘why’ is crucial when you start to sense that niggling feeling that has your trawling Rightmove to find your next home. Feeling cramped is one of the most common driving factors when deciding to move. We …

Read more...

House Prices Growing Month on Month

Annual growth of 10% for the past five Months Wondering whether to take the plunge and list your property for sale? If you’re looking to get the best possible price for your home, now is the time to act. According to Nationwide’s House Price Index (HPI) UK house prices have seen a growth of at …

Read more...

National Work Life Week

11-15 October 2021   The secret to a work life balance seems to be on everyone’s lips at the moment. The change in the way many are working and the way our homes are transforming into home/office hybrids has changed the outlook employees and employers have on work life balance in a positive way.   …

Read more...

International Chocolate Week

14-19th October   Is there any better smell to fill a house than the aroma of melted chocolate? The rich, tantalising scent draws in chocolate lovers young and old. The 14-19th October marks International Chocolate Week, the perfect excuse to celebrate this festival and fill your home with chocolatey goodness!   Why not kick off …

Read more...