The average number of new prospective buyers registered per member branch saw an uplift in November 2024 to 108 per member branch, a new two-year high
On average, there are now around 11.3 homes placed for sale per member branch in November 2024, this is according to the latest Housing Insight Report from Propertymark.
The report also reveals that for residential lettings, overall, stock levels and the average number of properties available for rent at each member branch, jumped to a two-year high of 13 in November 2024
Registrations dropped to 92 in November 2024 when compared to 93 in October 2024
Propertymark’s report also points out that for sales, the average number of viewings per available property fell slightly, down to an average of 2.1 for November 2024
While the average number of market appraisals conducted per member branch in November 2024 stood at 20.
For lettings, in November 2024 average UK rents were 9.1% higher than in November 2023
While the average number of new tenancies agreed per member branch stayed broadly static at 9 in November 2024.
Commenting on the latest figures Propertymark chief executive Nathan Emerson said: “The next few months are likely to prove busy for the sales market, with stock coming to the market and consumers showing they are keen to stay ahead of Stamp Duty threshold changes due in England and Northern Ireland in April 2025.
He added: “The entire housing sector is about to embark on some of the biggest changes seen in over 30 years with new planning reform for England and Wales working its way through parliament, which will pave the way for the UK Government to start delivering their ambition of over 1.5 million new homes before 2029.”
“Similarly, significant legislation that will impact the lettings market across England is also moving at pace through Westminster in the form of the Righters’ Rights Bill. This will fundamentally change key rights for both renters and landlords and it remains imperative that this new Bill strikes a workable and fair balance for all involved.”
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