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Leamington estate agency calls for more properties amid 7.1% house price rise

Fri 07 May 2021

With homes selling in record time, a queue of hungry buyers and a nationwide 7.1% house price increase, a Leamington estate agency is urging would-be sellers to get their homes on the market as soon as possible.

ehB Residential says there are simply not enough houses available to meet demand, which means no sooner are homes listed than they are snapped up.

Demand for properties across the country has seen prices rise by 7.1% over the past 12 months, according to the Nationwide building society. And the lender predicts that if the shortfall continues, prices could remain on an upward trajectory.

ehB office manager Clive Thompson says such is the demand that some properties are achieving above their asking price, with a number seeing multiple offers. This enables the vendor to choose a combination of the best price and the buyer most suited to move within their timescale.

“People who are renting, cash and first-time buyers and those in short chains are looked upon very favourably by vendors who have a choice of purchaser, as they can move quickly,” he said.

And he says part of the reason for the lack of available homes is that many buyers don’t want to list their own properties for sale until they’ve seen several on-line which could fit the bill for their next move. As current Covid guidelines mean physical viewings should only take place with proceedable buyers, they won’t be able to act until their home is on the market.

“Ideally, everyone thinking of moving would put their homes on the market straight away rather than waiting to see what comes up,” he said.

“We have huge numbers of people who are very motivated to move, in a good position and able to pay strong money for the right property. What we need though to enable them to satisfy this hunger is the houses for them to buy!

“Spring is traditionally a good time to sell. And with the bonus of renewed optimism thanks to the vaccination rollout and dwindling covid figures, buyers are even more focused on what they want. And that could be exactly what you’re sitting on.”

Contact ehB Residential on 01926 881144 or at info@ehbresidential.com to book a valuation.

"Dear Mark, Ros and the ehB Team, We can hardly believe we are moving from Cliffe Way today after 54 years. It was a difficult decision to make and you were a great help to us in making it all happen. Many many thanks for everything you have done and best wishes for the future."
Peggy & Bert

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We would like to take this opportunity to reassure all of our clients
- sellers, landlords, buyers and tenants that we are taking all reasonable
steps to protect the health of our clients and our team during the Covid -19
Outbreak. We are following the government and industry guidelines to estate
agents and lettings agents, and are conducting viewings and valuations in
person wearing suitable protection to include facemasks and gloves. We are
also available to offer virtual viewings and valuations should you require that
service. We would be happy to discuss these measures with you further should
you require any further information.
 
Leamington Office 01926 881144 or info@ehbresidential.com
Warwick Office 01926 499540 or warwick@ehbresidential.com
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