Letting Agent Podcast

The UK Property Market Weekly Report on YouTube for the week ending Sunday, 28th January 2024, presents a continued vibrant picture of the UK property market's current state of play · Listings for the 4th week in Jan was a 8-year record high. · Gross sales up 9.4% on week before. · Net sales up 13% on week before. · Sale fall-throughs at record lows last seen 22 months ago. In-Depth Analysis (Week 4) discussed in the Show by Chris Watkin and this week’s special guest, Iain White New Properties to Market: The UK observed 34,709 new listings (the 8-year average for Week 4 is 32,150). This year's YTD listings stand at 116,845, surpassing the historical YTD average of 105,990. Average Listing Price: A key figure of £427,971. Listing vs Sale Agreed Prices: The difference stands at 23.7%. The ideal figure is in the mid-teens. This does concern me as this is overvaluing by Estate Agents Price Reductions: Last week, 17,726 properties saw price reductions, a significant number compared to the 8-year average of