Brexit not holding back buyers

Increase in sales in November

Figures from Rightmove’s November House Price Index show an increase in property sales, compared to the same period last year.

The number of sales agreed by estate agents increased in October 2018 compared to October 2017, by a modest 1%.

Amidst a backdrop of Brexit uncertainty, buyers are taking advantage of lower asking prices to secure their dream home.

‘Realistically priced’ properties selling

Richard Freshwater, director of Cheffins Estate Agents in Cambridge, added: “Motivated sellers need to ensure that their properties have been priced realistically from the outset as increases in stock continue to allow buyers to drive market fluctuations.”

“Those which have been realistically priced and correctly marketed from the off are still seeing large viewing numbers, offers and in some situations, sealed bids.”

Miles Shipside, Rightmove director and housing market analyst, said: “While many thought that the down-to-the-wire Brexit deal uncertainty would hold people back from buying, more buyers have actually jumped in”.

Rightmove measured 123,536 asking prices in November, representing 90% of the UK market. The properties were put on sale by estate agents and advertised on Rightmove.