Property Forecast Sunny spells for buyers and sellers!

The UK has dealt with record breaking temperatures in July, and although the scorching heat of the housing market is showing some signs of cooling down as month-on-month price rises begin to settle, it remains sunny for those looking to buy and sell.

Buyer demand remains strong

Rightmove report that buyer demand, while down year on year, is still 26% stronger than in pre-pandemic June 2019, with the volume of new sellers to the market up 13% compared to this time last year. At 47, average stock levels per agent have improved since the start of the year as well.

Properties are quick to sell

With the volume of new instructions still failing to keep track with demand, properties continue to sell (SSTC) in just 32 days. This is 6 days faster than a year ago, and over three weeks quicker than the pre-pandemic June average.

The market is cooling

The cost-of-living crisis is likely to dampen the market over the second half of 2022, but a net balance of estate agents still anticipate price growth over the next 12 months (RICS), albeit much slower than during the pandemic boom. Prices in the South East of England held steady since June with no fluctuation in average price at all, a sign that things are becoming more settled!

How much is my house worth in Camberley, Chobham, Fleet and Yateley?

If you have any questions, big or small, about the property market, moving home or lettings and property management, don’t hesitate to give our friendly and expert team a call. We are your trusted independent estate agents in the Camberley, Chobham, Fleet and Yateley areas. Get in touch with your local estate agent in:

• Camberley: 01276 66566
• Chobham: 01276 858589
• Fleet: 01252 623333
• Yateley: 01252 870222

CLICK HERE to email us
 

Source: Dataloft, DLUHC, Land Registry