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PROPERTY MARKET SALES HEAD UP WHILE SALE TIME HEADS DOWN

Property market sales head up while sale time heads down
 
    • Demand levels and sales activity remain buoyant in the UK housing market. Rightmove report agreed sales were up 50% in October, with properties selling (sold SSTC), in just 49 days, 15 days faster than a year ago.
    • In Bromley the Median time a property is taking to go under offer is 58 days (source home.co.uk)
    • Buyer demand across England was 49% higher year-on-year during the first six days of Lockdown 2.
    • The market is currently strongest in the higher price brackets. Year-on-year has been a 106% uplift in sales priced £400,000–£500,000 compared to just 16% for those priced £100,000–£200,000
    • Activity levels are also higher in the regions where average property prices are the highest, buyers set to make bigger stamp duty savings in these locations. Source: Dataloft, Rightmove (October 2020 v October 2019)

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