Editor's note: This brief was summarised by The Property AI Team from a report by The Negotiator. Read the original article for full details.
UK Property Market Sees 6% Drop in Offers, Connells Data Shows
The UK property market has experienced a 6% fall in the number of homes listed this year that have secured an offer, according to new data from Connells. Just over half of properties put on the market in January received an offer within six months, down from 58% at the same time last year.
Connells reports that 52% of homes listed in January 2026 received an offer within six months, compared to 58% in January 2025. The proportion of properties receiving an offer within the first month also declined, from 42% in January 2025 to 38% this year.
Demand Focused on Two and Three-Bedroom Homes
Two and three-bedroom homes remain the most sought-after, with 55% and 53% respectively receiving offers. In contrast, premium five-bedroom homes have seen a sharper slowdown, with the share receiving an offer dropping from 59% in 2025 to 41% this year.
Leasehold properties have also experienced a decline, with the proportion securing an offer falling from 57% to 48%.
Regional Variations and Fastest-Moving Markets
Eight of Britain’s ten fastest-moving local housing markets are located in the Midlands and North, with Bury identified as the fastest. Scotland remains the quickest housing market overall, with 68% of homes launched in January securing an offer within six months.
These trends highlight ongoing shifts in buyer demand and market activity, which are relevant for letting agents and inventory clerks monitoring property turnover and regional market dynamics.
Source: The Negotiator