Thursday, 26 April 2012

Demand for UK property sales picks up, agents report | Europe | News

Demand for UK property sales picks up, agents report | Europe | News

The first quarter of 2012 has seen demand in the residential sales market pick up significantly, with Townends estate agents, part of the Badger Holdings Group, reporting a 27% increase in sales versus the same period last year.
However, despite this improved sentiment, there is no doubt that the dream of home ownership remains a challenge for many and so with the ratio of home ownership to renters continuing to diminish, demand in the lettings arena also remains strong, the firm says.
Its first quarter report shows that the current residential sales market is particularly buoyant for sellers as applicant registration levels have risen by nearly 40% over the first quarter of the year. The number of viewings carried out are also reported to be up 28%, nearly matching that of the 27% increase in sales.
‘Stock levels have remained static  and this relative lack of suitable stock is encouraging buyers to make quicker decisions and offer higher figures in order to avoid losing out on their chosen property, subsequently enabling many vendors to achieve their asking price,’ said Douglas Sleaper, group sales director for Townends.

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