“The housing market sees its strongest spring in a decade”
Anyone who is currently looking to purchase a property will know all too well they are few and far between, and when you do find one you would like to view, by the time you have made your enquiry it either has 5 others lined up to view it or it has already sold.
Rightmove statistics show that as of this month, the number of potential buyers enquiring about properties is 34% higher than this time last year, yet the supply of properties remains low which is resulting in a serious shortage of homes available for sale. This increase in demand has been fuelled by several lockdowns leading to homeowners reassessing what their home has to offer and of course the government’s stamp duty holiday extension which was first announced in July last year.
So why has it been such a slow start to the year in terms of new properties coming to market? The start of a new year is often slow in this respect and while the property market has remained open, we have been in a national lockdown for the whole of 2021 so far and many potential sellers have still been wary at the prospect of marketing their home in these uncertain times. Another significant factor is of course that at the start of the year, homeowners felt they were too late to take advantage of the stamp duty holiday.
If you are one of the 7 million people visiting Rightmove’s website each day in the desperate search for a property, we have some good news for you!
Easter is traditionally an extremely busy time of the year for the property market anyway, and with the government’s announcement of the stamp duty holiday extension and mortgage guarantee scheme, together with the easing of lockdown restrictions, your dream home could be getting ready to come on the market as we speak!
Our friends at Rightmove sum this up perfectly:
“Blossoming buyer demand coinciding with blossoming gardens should put a spring in the steps of sellers, and more of them coming to market will provide a much – needed increase in the choice of property for the many who are looking to buy.”
Here at Meyers, we are passionate about providing the best possible experience for all our sellers and buyers and we are always delighted to hear from you with any property queries you may have.
Brad Hansford at our Shaftesbury branch on 07814 962 161
Susie Palin at our Blandford Forum branch on 07570 357 553