< Back to blog

Buyer demand spiked 24% after the budget Posted On 24 March 2021

The demand for new homes spiked after the announcement of the budget, while house prices continue to rise

 

It was reported that after last month’s budget, buyer demand rocketed 24% higher than in the week previous and is currently running 80% higher than the same periods in the previous four years! However, the supply of properties coming to the market is failing to keep pace, which is driving house prices upwards.

The property market is showing no signs of slowing down, and it is definitely a good time to be selling your property. With the demand for homes up 13% for the year-to-date vs 2020 helped by what we call ‘The Lockdown Effect’ – buyers no longer tied to certain areas due to working from home, buyers looking for more outdoor space and the extension of the stamp duty holiday – it is a positive sign in these strange times that our economy is ready to spring back into life.

And with 5% mortgages now available, buyers with a smaller deposit can enter the property market to get their feet on the property ladder. For every new first-time buyer, there is a seller looking to move which is creating some really strong chains and movement in the market.

If you have been tempted by the market, however, are still feeling a little uncertain in these times, please contact us today to discuss a FREE no-obligation valuation and find out how our team can help you.

< Back to blog

Connect with us

Recent Posts

You’ve got a Friend in Me

Celebrate International Day of Friendship with your best ones   Friendships help our lives have purpose and meaning. Research has shown that having strong friendships can allow us to live longer, be happier and lead healthier lives. When you are younger, your family are your first port of call for advice and care. As we …

Read more...

Melt-proof your Make-up

How to beat the July heat   Heat and humidity aren’t your best friends when it comes to creating a flawless make-up look. Panda eyes from mascara tracks making their way slowly down your cheeks, oily skin where your foundation has become smudged and is now offering a patchwork effect rather than coverage. Combine this …

Read more...

Having Fun from Home this Summer

As we approach another British Summer, attention will inevitably turn to occupying the kids throughout the school holidays   We know how hard it can be to continue to entertain them, so take a look at our list of recommended activities to get them excited, without having to leave your home.   Get Creative If …

Read more...