Significant increase in property sales

February 20, 2020

Mackenzie Smith Managing Director Steve Tetlow is enthusiastic to find the start of 2020 offering such a thriving, busy housing market.

“Much as we had anticipated and hoped, Rightmove have reported that in January they saw a 7% increase in visits to their website last month, in comparison to January last year. Significantly, sales agreed nationally were also up 12% on the same period last year. In line with their report, we also experienced a substantial improvement in demand last month with viewing levels in particular proving that buyers were confident and keen to consider properties that were both new to the market and competitively priced. In line with their report, we also experienced a substantial improvement in demand last month with viewing levels in particular proving that buyers were confident and keen to consider properties that were both new to the market and competitively priced.

This increased activity has continued into February and with demand appearing to outstrip supply of properties coming to the market so far, buyers who were hesitant before Christmas are now finding that they need to make a quick decision or run the risk of losing out to other buyers.

Whilst this combination of factors has historically led to an increase in asking prices – as also reported by Rightmove last month – buyers are still advising that they need to be sure of getting value for money if they are prepared to commit. It is for this reason that we are advising our clients to be realistic if they are looking to secure a buyer in a reasonable time period. “

If you are interested in selling your property, please contact your local branch below, or visit our website.

Farnborough Office Tel: (01252) 375999, email: [email protected]

Hartley Wintney Office Tel: (01252) 844015, email: [email protected]

Hook Office Tel: (01256) 764666, email: [email protected]

Fleet Office Tel: (01252) 812121, email: [email protected]

Ash Vale Office Tel: (01252) 353030, email: [email protected]

Yateley Office Tel: (01252) 597900, email: [email protected]

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