Editor's note: This brief was summarised by The Property AI Team from a report by Property118. Read the original article for full details.
Home Buyer Demand Falls to 39.8% Before Autumn Budget
Buyer demand in England has fallen, with fewer than four in 10 homes listed for sale having an offer agreed. Figures from estate agency eXp UK put buyer demand at 39.8% in the third quarter, with the firm reporting a quarterly fall of 1.6% and an annual decline of 3.8%.
According to Property118, landlords looking to sell face a market in which fewer than four in 10 homes listed for sale in England have an offer agreed. The data comes from eXp UK and covers the third quarter of the year.
The report states that buyer demand stood at 39.8% in the third quarter. eXp UK reported a quarterly fall of 1.6% and an annual decline of 3.8%.
The source does not provide further details on the causes of the decline or its impact on specific regions or property types. It also does not include commentary from named individuals.
For letting agents and inventory clerks, the figures suggest a softer sales market as the Autumn Budget approaches. Landlords considering selling may find fewer buyers making offers, which could affect instructions and the balance between sales and lettings activity.
Source: Property118