Propertymark, the national membership body for property professionals, has revealed that the UK housing market is still thriving, despite concerns.
In March, sales agents reported an average of 35 homes for sale per branch, the highest figure since January 2021, and the highest for March since 2019.
Nathan Emerson, CEO of Propertymark, said: “The increase in sellers joining the market shows us that trust is still there. We have seen positive activity in February and March and expect it to continue into April.”
He also noted that buyer affordability has stabilised and interest rates are expected to remain steady throughout 2023.
The number of new buyers registering per branch has risen since the beginning of the year, increasing by a third, and the number of valuations agents are being invited to has increased by 13%.
