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Buyers continue to flood the market

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Fri 30 Oct 2020

Buyers continue to flood the market

Last month was record-breaking for the housing market on almost every front including an extraordinary 33% jump in prospective buyers from 365 per branch in August to 525 in September.

This breaks a record set back in June 2004 when some 581 buyers were registered per branch.

The figures are from NAEA Propertymark’s monthly industry snapshot, which reveals that – apart from first time buyers sales – the housing market continued to boom during September.

Mark Hayward imageMark Hayward, Chief Executive, NAEA Propertymark (left) comments: “Buyers and sellers always tend to flood the housing market in September with the hope of completing their transactions before the festive period kicks off.

“But the pressure of completing sales ahead of the stamp duty holiday deadline means we’ve seen a large spike in buyers and sellers coming to the market.”