By Thomas Homes on 22/03/2017

An increase in house hunters and a decrease in properties has led to an average 11 buyers chasing every property in the UK, according to the NAEA Property Mark’s (National Association of Estate Agents) January Housing report.

The report revealed that the average number of prospective buyers registered per member branch in January was 425, a 10 per cent rise from December 2016, when estate agents registered 386 on average.

Figures showed that the number of properties available to buy on estate agent’s books in January was 38, a decrease from December, when 41 properties were available.

More than one in every 20 properties (seven per cent) were also seen to have sold for more than the original asking price in January, the highest amount since April 2016, when nine per cent sold for more than the asking price.

Mark Hayward, chief executive of NAEA Property Mark, said; “January saw a surge in buyers looking to kick off the New Year with a new home, but competition is rife,” with an “average of 11 buyers chasing each property.”

Hugh Thomas, managing director of Thomas Homes, said; “We have a number of excellent developments in the pipeline and would encourage potential purchasers to speak to our sales team at an early stage to ensure they secure the property of their choice off plan. Our sales team are available to help guide purchasers smoothly through the process and explain any schemes that may be available to assist, such as the governments Help to Buy scheme.”

Thomas Homes has apartments available for sale in Olympus House at Old Railway Quarter in Swindon from £157,500, and with the governments Help to Buy scheme qualifying purchasers would only need a 5% deposit of £7,875 to purchase their new dream home. The sales centre and show apartment is open Thursday to Monday 10am to 4pm telephone (01793) 497974.

An Average 11 Buyers Chasing Every Property in the UK header image