020 7223 3837
108 Streatham High Road, London, SW16 1BW
020 7223 3837
108 Streatham High Road, London, SW16 1BW
estate agents
020 7223 3837
108 Streatham High Road, London, SW16 1BW

There is a significant need for more houses in the market, and this is why recent findings from Propertymark are likely to be of interest and benefit to many would-be buyers.

Highlights from the most recent Propertymark findings include:

  • An increase of 80% for new instructions per branch

  • Numerically, the increase was from five in December 2021 to 9 in January 2022

  • The number of registrations for property searchers increased by an average of 100 members per branch

  • This increase represents double the number of registrations for house hunters in December 2021

  • 37% of listed property selling above the asking price in January 2022

  • In December 2021, only 25% of listed properties sold above the asking price, and in January 2021, only 9% sold for higher than the asking price

What is the specialist saying?

Nathan Emerson, Propertymark CEO, said: “Our latest housing market report paints the positive picture that our member agents have been hoping for, which is the much-needed increase in the number of properties coming to the market. There is certainly no let-up in demand, but the supply line appears to be recovering at a quicker pace and edging towards a rebalancing of the market. This is welcome news on the back of stock levels that had declined to record lows throughout last year against the backdrop of escalating demand.”

Nathan Emerson concluded by saying; “Our figures coupled with those published elsewhere do also point to a slight cooling in house price rises. But we remain in a strong sellers’ market and anyone thinking about selling should act now with confidence as we head towards spring which is traditionally a busy time.”

Other findings in the study include:

  • Average number of properties available per branch was 19 in January 2022, this is a historic low

  • The average number of prospective buyers per branch was 29 in January 2022, this is a historic high

  • There was a 40% increase on month-to-month sales in January 2022

  • First-time buyer sales made up 29% of all sales in January 2022

  • The number of purchases made by first-time buyers in January 2022 was an increase of 107% on December 2021 figures

The stark difference between people looking for property and the number of homes currently available is clearly defined in the above figures. It is pleasing to see estate agents gathering new instructions, but more homes are needed to meet demand for property.

If you are contemplating selling your South West London home, contact Holmes Estate Agents to provide you with a property valuation. This service is the ideal starting point when it comes to selling your home, and we look forward to working with you.

Contact Holmes Estate Agents for all your South West London housing needs in 2022

We have considerable experience and expertise in the South West of London. We are ideally placed to help vendors, tenants and landlords during this challenging time. If you have any questions regarding the South West London property market, please get in touch with Holmes Estate Agents today.

020 7223 3837
108 Streatham High Road, London, SW16 1BW
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