Buyer demand peaks amid supply squeeze for family houses, in a report out by Gráinne Gilmore of Zoopla this week.
Demand for homes hits new highs There has been strong buyer demand from the start of 2021, leading to one of the busiest sales markets in years – with the value of homes sold subject to contract in the first 15 months of the year almost double that in 2019 and 2020. Since March, demand jumped again, to levels like those last seen in the wake of the first lock-down last summer. The combination of children returning to school and the stamp duty holiday extension announcement in early March, as well as the return of first-time buyers and the continued ‘search for space’ among homeowners came together to create a demand boost, especially for family houses.
Demand peaked in the week following Easter, hitting levels more than double those seen during the same period in 2017-2019. After the first major easing of lockdown on April 12th in England, demand levels began to fall back as households in England started to focus on catching up with friends and family and taking advantage of leisure activities and amenities which haven’t been available since at least the turn of the year. Buyer demand is likely to continue to rise as more parts of the country emerge from lockdown, but given the myriad factors boosting the appeal of moving listed above, buyer appetite will remain above average levels for this time of year through Q2.
The Poole property market is booming, for each property listed there are usually 5 offers received of the asking price or more, many local estate agents in Poole are operating a "Best & Final" system to avoid bidding wars and disappointed buyers.
There has never been a better time to sell, if you need a valuation of you current property for sales or rental you can obtain a estimated price by clicking HERE.
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