Homes on sale in the current housing market are at a much higher proportion to have successful buyers according to recent data, currently sitting at a 68% success rate from over 13 million listings.
Unsurprisingly over the last year, the northwest has seen a vast amount of people with a desire to escape inner-city living and move further out.
Quick Sale County
Over 2021 alone, there has been a much greater chance of sellers finding a buyer wanting a quick sale on a northwest property, which highlights not only the sheer volume of people determined to move but also those from coastal or further down south looking to relocate to a more natural environment.
Whilst longer-term averages show that typically half of the properties sell, 2021 has reflected buyer frenzy in the current market due to pent up pandemic desire, stamp duty holiday, low mortgages and young people able to afford a first step on the ladder.
With limited housing available against the demand, many buyers are shifting their ideal focus to get a house, moving more inwards and upwards and looking to upscale. This frenzy has also greatly benefitted those looking into how to sell a house, which is seeing homes sell for the above-asking price as a major advantage for sellers knowing that housing is a hot commodity.
With the North West currently being the hotbed for ideal housing location on the map of many buyers, estate agents Stockport are seeing an abundance of interest from those looking to buy property in Stockport. This is seen as a great benefit due to the local association with the area as well as a trusted set of buyers an independent has over a nationwide branch.
High Living Appeal
As buyers widen their scope for properties, the North West continues to prosper in leading the interest stakes for ideal housing, with Manchester, Stockport and the Cheshire countryside leading in the appealing areas.
With lifestyles starting to regain some area of normality post-pandemic, buyers are looking at the appeal of the northwest area, with its popular nightlife and social scene, quick links to airports and rail and natural comforting woodland areas only a stone’s throw away. With many people adopting the work from home lifestyle, many people previously subjected to the crammed London lifestyle now see the benefit of escaping to the country and working from the cosy confines also.