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 59% above 5 year average
Overall demand has slowed ever so slightly this week but still remains a very high 59% above average.
Flow of new inventory 12% above 5 year average
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.
Sales applicant demand remains high
Regions are slightly further apart than this time last year but still at a very high level as a whole.
Traditional Lettings
Lettings Market
Lettings applicant demand 29% above 2021 levels
Applications for lettings remains way above the last 5 years at this stage last year.
Rent reductions remain below average levels
Rent reductions remain way below the average level in comparison to the previous 3 years but is starting to creep up week on week.
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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