Recently, Property Mark had analysed their sales and lettings data to reveal trends from this year of 2019. They had noticed that supply has dropped dramatically over the past decade while demand has increased, every year has remained stable despite the uncertainty of Brexit. In 2019, there was a higher demand rising to 320 house buyers who registered per branch on average compared to 318 on average last year in 2018. Going back in time over the decade, demand has risen considerably up to 16% since 2009 with 275 per branch.
The amount of properties available to buy hasn’t changed year after year with 39 available for let per branch throughout 2018 and 38 in 2019. On the other hand, August has seen the highest number of properties this year averaging at 44 available to buy, supply has decreased considerably over the past decade from 65 on average per branch in 2009.
The amount of sales per branch throughout the year has stayed the same at 8 on average per month in 2019. Historically, this number has stayed consistent over the years, moving between nine and seven between 2009 and now. First-time buyers have been increasing sales dramatically, rising up to 2% points in 2019 and 25% in 2018 to 27%.
About Stuart Mosley
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
If you would like to book an appointment then please get in touch and we can arrange a suitable time to discuss further. We can arrange appointments at a place and time suitable to you, we can discuss your options over the phone or if you prefer email, then this is fine with us.