Rightmove highlights strongest sellers market for a decade

A recent study from Rightmove has recorded the highest percentage of homes sold in Great Britain in the last decade. They analysed over 13 million properties tracking the sales journey from initial listing to being marked subject to contract and found 68% of properties found a buyer. This represents the highest percentage recorded over the last ten years rising from 41% in 2012.

On average 53% of properties over the period between 2012 and 2020 found a buyer. Scotland was way ahead with the analysis finding 89% of homes successfully found a buyer, compared to 48% in London at the other end of the scale. The highest performing English region was Yorkshire & Humber securing sales for 77% of their properties.

In our area of the South Lakes and Cumbria we’ve seen the same rush to buy. From our figures we’ve even beaten the 68% average score from the Rightmove study. In the last 12 months we have listed 993 properties and actually sold 950 after discounting fall throughs.

Having started the year with approximately 300 properties for sale, we’ve achieved a 74% conversion rate for properties in our region. Nearly a 9% increase on Rightmove’s average across the country.

As we’ve discussed in previous blogs the desire to move has been driven by multiple factors. A change in priorities highlighted in the pandemic, pent up demand, the stamp duty holiday and 95% mortgages for first time buyers have all fuelled the frenzied buyer activity we’ve seen over the last year.

This increase in demand means estate agents are operating on limited stock in some areas. We’ve seen our own waiting list lengthen across a range of property types as buyers widen their search to find their dream home.

The housing market shows no sign of slowing down with many regions, not just our own, gaining in popularity and seeing their average house price increase over the last 12 months.

If you are looking to sell your home, why not arrange a No Obligation market appraisal with one of our local experts. You can also enter your details into our free online valuation tool, for an immediate idea of what your property could be worth.

You’re in safe hands

Trust our team of local experts to provide the best advice on a wide range of legal and financial issues whenever you’re facing a life change and need the best support.

0800 389 2939

Our team are available Monday to Friday 9am - 5pm

Find Your BranchMEET THE TEAM

She'll be glad you planned ahead

Organising your finances today, while planning for the future can be a challenge. We’ll put the kettle on – and take the pressure off.

GET EXPERT FINANCIAL ADVICE

You'll know when it's time to talk

From making a will, to matters of business law our qualified solicitors can offer advice and guidance. Pop in for a chat or call us to make your free appointment.

GET EXPERT LEGAL ADVICE

Sign up for our newsletter

Your details

Signing up to our newsletter will place you on our weekly property guide, providing you with the latest properties for sale and industry news.
You can unsubscribe at any time. We value your privacy and will not share your details.

© Poole Townsend 2017 - 2021. All rights reserved.
Poole Townsend solicitors Ltd (Company no:10964550) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness, LA14 1RP. A list of directors is available at the registered office address. Authorised and regulated by the Solicitors Regulation Authority number 647087. We are independent financial advisers authorised and regulated by the Financial Conduct Authority. VAT registration number :154365563.

Poole Townsend Estates Ltd. (Company No: 10960705) is a company registered in England and Wales with its registered office at 69-75 Duke Street, Barrow in Furness LA14 1RP. A list of directors is available at the registered office address. Regulated by the Council of Licensed Conveyancers to provide Conveyancing services. (Firm no: 3438) VAT registration number 288092466. Our Estate Agency is a member of the Property Ombudsman scheme.

Poole Townsend Estates Ltd Property Client account has client money protection, to view our Client Money Protection Certificate please click here. To view our Equality and Diversity Data please click here. The Propertymark Conduct and Membership Rules can be found here.

Professional Indemnity Insurance – please contact Martin Oates at the address above if you require details of cover held.

Registered with the Information Commissioners Office for data protection purposes (ICO No: ZA494153 & ZA331395)

close

Book Your Free Valuation

Fill out the form below and we'll get in touch to arrange your free valuation.

Your Details

We value your privacy and will not share your details.

Top