Blog Post

Buyer demand swells

TomS - Head Tom Simper Sep 20, 2021, 13:00 PM
242_Dataloft_Buyer_swell-01

The property market continues to ride the wave as we head into autumn. Buyer demand per property is more than double pre-pandemic levels (Rightmove).

Rightmove report a 14% increase in new listings at the start of September*, but the number of available properties for sale remains low and competition for properties remains strong.

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

First-time buyers, cash buyers or those buyers who are already sold subject to contract are in the best position to benefit from current market conditions. Source: Dataloft, Propertymark, Rightmove, *First two weeks September v final two weeks of August 2021

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