What is really happening in the UK property market?

Published on 17th February 2023, 8:33am

There is no shortage of views and opinions when it comes to UK housing market, but here are the actual concrete facts to what is really happening in the UK property market.

From the number of properties listed, what sort of properties are selling, the level of fall throughs, price reductions in the UK, this video and information below, will give you the tools and best advice for your vendors and buyers and keep those sales together.

The video also looks at the different UK regional housing markets and gives advice on what you can do to ensure you get the right stock, at the right price, and keep your sales pipelines full.

The weekly ‘UK Property Market Stat Show’ is presented by Chris Watkin, who is joined by this week’s special guest, Iain White.

They look at, and comment on, some interesting stats and graphs reflecting on the latest trends in the UK and Regional housing market.

Headlines include:

+ UK listings remain strong nationally (and in most of the regions) with 33,448 new listings for the week (3,300 over the 2022 weekly average)

+ 22,363 properties sold (stc) last week in the UK (the highest in 2023)

+ Sale Fall Thrus continue to reduce

+ North East property market impressive start in January has wobbled slightly in the last week or so

+ Inner London Estate Agents still listing properties at price ranges that arent selling very well. (Average Listing Asking Price is at £965k yet the average price of the properties that are selling is at £796k)

+ Outer London and South East Market continuing to be strong property markets.

+ Scotland and Wales firing on all cylinders with good levels of listings and sales
112,883 UK properties sold (stc) so far in 2023 (up to 12th Feb ’23), amazing when compared with the 2017 to 2019 average of 115,725 to the same date.

Also, this week’s special ‘local property market focus’ is on the town of Bracknell