Check the full report for November 2022 here.
The number of available properties per member branch has risen by 47 per cent since the depths of winter last year. Whilst on the letting’s side, the number of new tenants registered on average (per member branch) reached a new peak at 141 in August.
Agents reporting average time from offer accepted to exchanging contracts has been growing over the past two years. This month hit a new record with 41 per cent of agents reporting average times stretching over four months.
A lack of any major over-valuation of UK housing – thanks to mortgage regulation – means the market is in much better shape to weather the economic challenges ahead than in previous economic cycles, but it’s not immune.