Flats back in demand as home sales start to climb

Flats back in demand as home sales start to climb

Blocks PLJ 17th April 2023

Each month, Rightmove monitors the number of home-sellers accepting offers from buyers.

Over the last month they have seen this number returning to the same level that they saw before the pandemic began.

Much of the rise is attributed to a rise in the number of agreed sales on flats. The trend is the most pronounced in London, where agreed sales of flats are now 23 per cent higher than in March 2019.

This is reinforced by Richard Donnell, executive director at Zoopla, who tells us: 'As we end the first quarter of 2023, the housing market is in much better shape than many predicted at the end of 2022, and there are no clear signs of a house price crash.

'Although there has been an increase in asking price reductions, the positive news is that buyers and sellers are agreeing deals which are supporting activity in the housing market.'

Amanda Brice, PLJ Malvern Sales and Lettings Director, tells us that viewings in Malvern continue to rise, and we appear to have a robust trend emerging.

“We are seeing immediate interest on most properties as soon as we put them on the market. We have a shortage of properties to sell and are keen to help sellers to get moving quickly”

For a FREE online valuation on your property, please click on this link


PS The bluebells were just starting to come out in West Malvern last weekend so they should be in full flower in a week or so.

We live in such lovely area!

Update Cookies Preferences