Beresfords Group has reported a steady start to 2026, with activity across its Essex operations showing signs of stabilisation and gradually improving momentum through the first quarter.
The group said January trading was relatively subdued, in line with typical seasonal patterns, with a more cautious tone among both buyers and sellers at the start of the year.
During the month, offers agreed were down 18% year-on-year, new applicant registrations fell by 7%, and first-time buyer activity declined by 10%. In contrast, new instructions rose by 9% compared with the same period last year, indicating continued willingness from sellers to bring property to market.
Beresfords said activity strengthened through February and March, with engagement levels improving across the quarter. March saw the strongest flow of new listings since June 2023, with instructions up 20% year-on-year, despite ongoing geopolitical uncertainty.
Overall Q1 trends included an 11% increase in properties coming to market, a 6% rise in buyer registrations, and an 8% uplift in first-time buyer activity. However, the group noted that growth in agreed sales has not yet kept pace with the increase in available stock. Around 35% of listed properties in the area have seen at least one price reduction from their original asking price.
Housing stock levels have also increased, rising 71.6% compared with the three-year average, giving buyers more choice and contributing to a more balanced market.
The early weeks of Q2 have reportedly continued the positive trend, supported in part by improved mortgage conditions. Rates, which briefly moved to around 5% during periods of global uncertainty, have since eased to approximately 4%, with expectations of further reductions helping to support affordability and buyer confidence.
With higher stock levels, steady buyer engagement and improving financial conditions, Beresfords said it is positioned to operate in a more active market environment through the remainder of 2026.
“What’s particularly notable is the determination from both buyers and sellers to move forward despite external factors. In recent years, a backdrop of economic uncertainty has become the norm, and many are now choosing to proceed with confidence regardless. With mortgage rates already easing from recent highs and further reductions expected, we anticipate this will continue to drive stronger activity levels through Q2 and beyond.”
Paul Beresford, CEO of Beresfords, added: “This quarter reflects a market that is adapting and stabilising in the face of ongoing change. While January presented challenges, the recovery in activity through February and March is highly encouraging and underlines the inherent strength of the Essex property market.
“Our focus remains on delivering a high-quality, personal service to every client, ensuring they feel confident and supported throughout their journey. With improving market conditions and motivated buyers and sellers, we are increasingly optimistic about the opportunities ahead for the remainder of the year.”
