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 down from last week and up 24% for 5 year average
Overall, demand is the same as last week, with a positive 4% increase month-on-month.
Demand has decreased from last week, with the 5 year average being up by a promising 24%.
Sales Inventory down 1% year-on-year average
Sales inventory shows a strong increase this week, bringing the average to a great margin of 1% below last year.
New inventory flow hits 8% rise from 5 year average
Brilliant rise since last week, bringing 2022 up 8% from the 5 year average.
Traditional Lettings
Lettings Market
New agreed sales at 16% high from 5 year average
Slight drop from last week, however we’re now at a strong 16% high from the 5 year average.
Fall throughs surpass 2021 levels
Brilliantly high increase from last week, showing hopeful surpass of 2021 levels.
New high for asking price reductions
Steady reduction of asking prices at 5%.
Sustained high levels of sales applicant demand
Although sales applicant demand levels are slightly down when compared to last week, the overall year-on-year demand remains high.
Demand for lettings applicants reach 40% above last year
Slight decrease in lettings applicant demand when compared to last week, however the overall year-on-year demand is still very high
2022 lettings inventory levels reach 35% below last year
Ever so slight decrease this week, consistent with the overall annual performance; although levels are 35% below 2021.
Flow of new homes aim to let 4% above the 5 year average
Another slight decrease on weekly performance, although the average gap from last year is beginning to close.
Below average rent reductions remain
Little increase week-on-week in rent reductions of 5% or more, keeping the average below last year.
Applications for rental properties remain high
Demand for lettings reached a new yearly high in London and Scotland.
We hope you enjoyed this weeks Flambard Williams weekly housing report. For more property investment news you can find blogs HERE or you can alternatively watch our very valuable content over on our YouTube channel.
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