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Buyers make snap decisions on homes as demand increase

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  • 31/07/2015
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A sharp recovery in the demand for homes in June is placing increasing pressure on buyers to make a quick decision or risk losing out on their preferred property, analysis from Connells reveals.

During the first two months of Q2 sales remained steady before experiencing an upswing in June making it the best performing quarter for the group since the financial crash in 2008.

Quarter two sales were up 6% on quarter one and 8% higher than Q2 2014.

The statistics revealed that buyers are shopping around less as the number of viewings per offer fell 6% on the previous quarter and 3% year-on-year. Offers per agreed sale fell for the third successive month taking it to its lowest level for more than two years.

David Plumtree, group chief executive, estate agency, said: “One would expect that in a tight election campaign prospective buyers would hold off until they had clarity on who the next government would be and what their housing and tax policy would entail. Instead buyers judged the currently favourable economic climate combined with several time-limited incentives, such as really attractive mortgage rates and Help to Buy, outweighed any political concerns.”

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