Here is some cheering news from Christopher Watkin, using data from Twenty EA. It goes to show that despite what the popular press might have us believe, the property world has not come to an end.
U.K. PROPERTY MARKET AVERAGE NUMBER OF SSTC DEALS
For the first 8 weeks of every Q4 (i.e. like for like) – so that’s all of October and most of November, these were the AVERAGE number of house sales agreed PER WEEK (i.e. went SSTC) in the UK:
2016 19,005
2017 17,873
2018 19,398
2019 20,309
Then we had a couple of boom years:
2020 29,455
2021 24,711
and now end of the world (according to the newspapers)
2022 18,399
Watkin says:
“Not so end of the world is it ? – just going back to the ways things were pre-lockdown.
“It’s tough out there – but it’s not end of the world like the newspapers say.”
He also sent EYE this graphic with the data from the most recent week alone – which Watkin is happy for agents to use and which they may find useful in discussion with their customers.
Very useful and also very good of Chris making this graphic available for us to use – thanks Chris!
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Great insight Christopher , thanks for sharing .
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Oh, well then estate agents and conveyancers are alright then. Excellent.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Good work Stato.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
OK,, would like to see completed sales. I think 30% of sales agreed have fallen through this year. Can’t get anything over the line.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
Without trying to dampen the spirit or stifle the sigh of relief, agreed sales statistics cannot be viewed in isolation for the other factors that affect completions.
The bit that’s been glossed over without numbers had an effect, something I identified would happen when commenting on one of the stories published at the end of October 21.
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register
As far as the media are concerned, there are only ever three stories about the property market:
1: Prices are skyrocketing (optional bonus theme – due to greedy, profiteering agents)
2: Prices are plumetting (optional bonus theme – due to useless, wastrel agents)
3: All agents are evil (no optional themes)
🙂 🙂
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register