New Year, New Start, Same Market

Welcome to the new year. With 2021 firmly behind us, as always, we reflect on the year past and the year to come. 2021 was a roaring success in terms of property sales with record high sales figures across the board.

So, what does 2022 have in store for us? Well, it seems that the market is in good hands. Rightmove has reported record breaking figures over the Christmas period for both buyers and potential sellers.

The level of available property has been extremely low and the amount of people looking for property very high. Demand is certainly outstripping supply. In fact Rightmove state that ‘buyer demand’ was up 23% compared to the same time last year.

Obviously, the automatic concern with the huge number of people looking is that, with such low stock levels, the prices are only going one way as the fight for the next property resumes. However, encouragingly, Rightmove have also registered a 21% increase in new sellers coming to the market this Christmas compared to last.

Boxing Day saw the highest ever levels of site visits and new sellers on record.

The end of one year and the beginning of another always leads to thoughts for the future and here at Poole Townsend we have seen just that with an immediate increase in property appraisals, instructions and sales.

Those who may have been holding off last year due to a frantic property market are now taking the plunge to take advantage of these high levels of demand.

Let us help you with your property if you’re thinking about a new home for the new year. With free market appraisals and highly knowledgeable local staff we are best placed to help you with any of your property queries.

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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.

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