UK property buyers are becoming more efficient

 

A new research suggests that property buyers in the UK are becoming more efficient in their hunt for a new home by looking at fewer properties before making a decision.

Those looking to buy a property seem to become more task driven as the number of property sales has increased at a higher rate than viewings, the latest monthly report from estate agent haart showed.

https://www.buyassociation.co.uk/2017/03/13/property-qa-6-studio-apartments-good-buy-let-investment/

These new findings paint a picture of a changing market. Whilst supply has increased by 6% across the country and by 9% in the capital, the numbers are still down by 20.8% compared to one year ago.

Demand from new buyers increased by 0.2%, is however also down by 29.7% year-on-year. In actual numbers this still means 11 buyers are chasing every single property available on the market.

The report furthermore revealed that the number of new tenants entering the market dropped by 8.3% in May and fell annually by 34.7%. The buy-to-let market experienced a similar decrease. The number of new landlords registering in the UK as well as the number of buy-to-let sales fell slightly.

Paul Smith, chief executive officer at haart, commented: “The UK property market is showing signs of improvement. Stock of new homes for sale has increased by almost 6% across the UK and by a huge 9% on the month in London. And although it remains a tough market for first time buyers who have seen their deposits rise again this month, we saw an 11% increase in new buyers looking to take their first step onto the ladder in May.”

https://www.buyassociation.co.uk/2017/05/22/majority-uks-landlords-tenants-like/

Smith is also predicting a boost in the market, starting after the General Election, as consumer confidence usually increases during the post-election political honeymoon period.

“It is obvious that the desire for people to own their own home or move up the ladder is as strong as ever. We have every reason to be confident about the property market’s long term prospects but a greater emphasis from the next Government on helping aspiring home owners and increasing the amount of stock would certainly not go amiss.”

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

UK property buyers are becoming more efficient

UK property buyers are becoming more efficient

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.