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⚡ WHOAAA 23 BUYERS PER HOME as supply buckles under "UNSUSTAINABLE" DEMAND đŸ€·‍♀ Download FULL REPORT below đŸ“©

📱 The HEADLINES from Propertymark's LATEST report: 🗞

✅ In October, majority of homes (55%) go for the actual ASKING PRICE and not a penny over! đŸ€”
✅ 21% of properties sold for MORE than asking price, in September it was 27% 💰
✅ This shows a clear shift in market dynamics 🔀
✅ We've been used to paying WAY ABOVE asking for the last 6 months, and before then the majority of homes were selling for UNDER the asking price! đŸ€·‍♀
✅ Average number of sales agreed per branch down to 8 (from 11 in September) 📊
✅ Sales to First-time Buyers made up 25% of transactions and BTL investors bought 9% of total sales 📈
✅ On average, 21 available properties per Estate Agent branch (the lowest since records began) đŸ”»
✅ This is a 46% decrease from October 2020’s figure of 39 👇
✅ More buyers registering for the 5th month in a row (511 per branch from 458 in September)
✅ Which all means... Properties are being snapped up faster than new ones are being marketed 🏎

Comment from Nathan Emerson MNAEA MARLA MNAEA(comm) of Propertymark:

💬 Figures show market to be unsustainable 🙅‍♂
💬 Christmas will reduce the heat 🧯 
💬 New year needs to bring a gentle levelling out: new motivations bringing new sellers, plus a potential change in interest rates to take mounting energy from buyers 🐌

Comment from our MD Ali Baylav:

💬 Yes, stock levels are at an all-time low... But just wait until after Xmas, there are going to be LOTSSSSS of property coming to market 👍

đŸ“© DOWNLOAD FULL REPORT HERE: https://hood.azureedge.net/cavendish/site/9e7e1ad0-e935-4b17-a07c-d7db096cb238.pdf đŸ“© 

🙋‍♀ Wondering how much your home would sell for?

Get in touch, our #CAVENDISHEXPERTS will let you know đŸŠč‍â™€ïžđŸŠž‍♂


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Cavendish Residential - Lettings and Estate Agent in Nottingham City Centre! Award winning - contact us today! 

Posted 10 December 2021
by Ali Baylav Managing Director Cavendish Residential

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