Demand outstrips supply as property market shows no sign of slowing down

Demand outstrips supply as property market shows no sign of slowing down


 

In the property market there is currently a huge shortage of properties available for sale, and house prices are higher than ever, which has led to demand outstripping supply.

At the moment housing market demand is up 28.6%, however available properties to buy are down 20.8% (year to date vs 2020).

Nearly 120,000 transactions completed in April 2021, which was 21% higher than the April 2014 to 2019 average. Whilst nearly 90,000 mortgages were approved in April, which is a huge 30% higher than the April 2014 to 2019 average.

Over 265,000 first-time buyers in England and Wales have benefited from the government Help-to-Buy Equity Loan schemes since they were first introduced back in April 2014 and January 2014.

Thinking about moving this summer? Why not use our instant online valuation tool to find out how much your property is worth, or use our mortgage finder to find out how much you could borrow for your next home? 

Why not speak with your local branch and book a market appraisal to get a full detailed valuation of your property. 
 


Market update: demand outstrips supply and an increase in buyer demand

First-time buyers benefit from Help-to-Buy

Sell your property the way that’s right for you

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