Welcome to the Flambard Williams weekly housing report blog. Please find the latest information direct from Zoopla and see what is currently happening in the UK property market.
Sales applicant demand moderates from record high levels
The property market continues to see demand higher than this time last year throughout Wales and the majority of England. The exceptions within England being The capital and the South East of the country, Scotland also remains at similar levels to last March.
Asking price reductions low amid pressure on pricing
Asking prices across the housing market remain locked at a similar rate in which they were in 2020 before the seismic hit taken by the pandemic. Of course this is expected to maintain much more steady levels in comparison.
New sales agreed 29% above 5 year average
A continued increase this month in new sales agreed as they have now risen to 29% above the 5 year average although still quite a way behind 2021 at this stage.
Lettings inventory 43% below March 2021 levels
Inventory is really lagging behind the previous 3 years at this stage. Only in October-November 2021 was it lower than the current state.
Rental applicant remains high across all regions
Demand is still very strong for rental accommodation. The huge amount of applications has dropped in Wales after the huge increase in the last fortnight or so.
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