call-to-action call-to-action-mobile

Spring housing market shows no sign of cooling, as ehB Residential reports continuing buyer demand

Tue 29 Mar 2022

Home movers anticipating a cooling in the housing market after a Covid-induced race for more space are finding that buyers are as keen as ever, with Leamington estate agency ehB Residential reporting that demand is continuing to outstrip supply.

ehB office manager Clive Thompson says there is still a strong appetite to move home, a sentiment echoed UK-wide, with property portal Rightmove stating that the current buyer-to-seller ratio is the greatest imbalance ever recorded at the start of the spring season.

“The market is still very hot,” he said, explaining that the supply and demand ratio means many vendors are seeing multiple offers for their properties. This enables them to choose the one most suited to their circumstances – often the buyer in the best position to move. 

“But while there is continued buyer demand, people selling their homes are still able to find places to buy – as long as they are happy to have their own purchaser in place before setting their heart on something,” he explained.

The most popular properties are everything from three-bedroom semis to period terraced, semi-detached and detached properties, as well as edge-of-town executive homes. 

“There are plenty of buyers and still a shortage of property. The pressure for space in family homes is immense and continues to drive the market.  There’s no let up in demand.”

He adds that apartments, less popular during lockdown, when outdoor space was a huge draw, are now also regaining popularity, as evidenced by a number of recent sales across all price brackets.

“This is because first-time buyers initially may have thought the market would fall and that they would wait before making the biggest investment of their life. But now they can see the market is only moving in one direction over the past two years - up. Added to that, mortgage interest rates have risen slightly from an all-time low, so now is a good time to fix at a lower rate. Also, with Covid restrictions being removed, the need for private outdoor space is less important.”

UK-wide, sales are being agreed on around 22 per cent of properties within the first week of marketing, according to Rightmove, with half sold subject to contract within a fortnight – a statistic echoed at ehB.

“As always, in a market which favours sellers, the key to being first in the queue for a new property is to have agreed a sale before hunting for a new home,” added Clive.

With a big pool of buyers waiting to pounce on any new property coming onto the market, he suggests this spring could be a good time to sell.

 

"We have been delighted with the excellent letting service that Rachel and the ehB team have provided to us."
Alastair

News Archive

May 2023

Is It A Good Time To Sell A House?

April 2023

When Is The Best Time To Sell A House?

March 2023

Why Is Demand For Property So High In Leamington Spa?

February 2023

The Property Market Is Stabilising

November 2022

Two long-established names in Warwick estate agency join forces as ehB buys Donald Carter

October 2022

What’s Going On With The Housing Market?

Low unemployment bolsters market

August 2022

What's Happening with the market in August

June 2022

Houses for sale in Leamington are being snapped up.

April 2022

How to Get the Very Best Price for Your Property

March 2022

Spring housing market shows no sign of cooling, as ehB Residential reports continuing buyer demand

January 2022

Homebuyers likely to ‘go for it’ in the New Year, says ehB Residential

December 2021

ehB Residential calls on sellers to capitalise on Boxing Day Rightmove boom

November 2021

Hesitant home sellers urged to take advantage of less competition as Christmas distracts fellow vendors

October 2021

‘October is the new September’ in home buying world

August 2021

Strong demand sees homes sell twice as fast as in 2019

Autumn will signal surge of new properties for sale as buyer demand continues

July 2021

End of stamp duty does nothing to dampen the appetite to move home

June 2021

Families looking for ‘the right home’ not deterred by end of stamp duty holiday

May 2021

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

April 2021

Demand outstrips supply as March date sees highest property sales in a decade

February 2021

Demand for family homes is driving price rise, as ONS announces 8.5% annual increase

ehB Residential co-founds new local portal for property searchers

No slowdown in demand for million-pound properties

Show apartments at Victoria Point offer ‘a room with a view’ over Victoria Park