Soaring demand placing upward pressure on property prices – Rightmove

Buyer demand is outstripping supply at the fastest rate in a decade, according to Rightmove.

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The sure in the number of people looking to purchase property is placing upward pressure on house prices, with the average price of a home coming to market increasing by 0.8%, or £2,484, so far this month.

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The number of potential buyers enquiring about each available property on Rightmove this month is up 34% on the corresponding period last year, which was itself an active market before the first lockdown

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With sales already agreed for almost two out of three properties on agents’ books, this is potentially a good time to sell, and there are early signs that more owners are now deciding to market their properties, spurred by incentives, such as the stamp duty extension, 95% LTV mortgage guarantee scheme, and lockdown easing.

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The start of traditional spring selling period has seen the number of sales agreed for the first week in March up by 12% on prior year despite shortage of available stock.

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OneAgency offer FREE sales and lettings valuations and you can easily book your date and time on our website for your convenience. We cover the whole of Stoke-on-Trent and surrounding areas.