Company Tag: GetAgent
'While the landscape remains largely subdued, there are green shoots of positivity starting to show' in the property market, says GetAgent.
The number of estate agents operating across the UK has increased by 1.9% in the last year, despite a decline in transaction numbers.
Cornwall, Kensington & Chelsea and Westminster have more second homes than any other parts of the country.
Every UK region has seen a big increase in new sales listings in the last fortnight compared to the opening weeks of the year.
43% of estate agents believe a property market recovery will come next year; 29% believe it will happen in 2023, while 28% don’t believe it will happen in the near future.
Research suggests there are now 24,500 estate agency businesses operating in the UK, up from 22,145 in 2021.
New analysis points to a surge of new supply hitting the property market.
New research has identified which postcodes tend to have the most wayward property asking prices - with several Prime Central London enclaves featuring.
'The manic market conditions of the pandemic have well and truly subsided,' says GetAgent after polling over 500 UK estate agents.
Canary Wharf, Westminster and Bayswater have more estate agencies registered than any other UK areas, with hundreds of branches vying for instructions and deals...
'The pandemic-inspired property boom is being brought well and truly back down to earth,' says GetAgent after assessing the proportion of homes listed for sale that have already found a buyer.
A lower proportion of property listings were marked as sold in Q3 this year than last, reports GetAgent - with Bristol and London the only places to see an increase.