Robins Estates

For all the noise surrounding the world right now, inflation, higher mortgage rates, wars, political uncertainty and a cost of living squeeze, the UK housing market continues to show remarkable resilience.

Between mid April and mid May this year, more than 104,000 homes were sold subject to contract across the UK. Yes, that is below the extraordinary post Covid surge of 2021, yet strip away the boom years and lockdown distortions and a different picture emerges. The British public are still moving home in surprisingly healthy numbers.

The market is not booming, yet neither is it broken. Buyers are still buying, sellers are still selling, and life continues to move on.

UK Property Market for Week 19 confirms something important. Buyers have returned after the Bank Holiday slowdown, with gross sales jumping back to 27k homes sold STC and net sales climbing strongly to 21.8k.

Yet the real pressure point remains supply. With 41.8k new listings hitting the market in a single week, making 731k homes on the market for sale, seller competition is intensifying across much of the UK.

That means correctly priced homes are still attracting strong interest, while overpriced properties risk becoming invisible amongst the growing choice available to buyers.

Interestingly, despite April transaction numbers sitting 2.2% lower than a year ago, average achieved house prices per square foot are actually 2.2% higher, suggesting realistic, well presented homes continue to sell well in a crowded market.

UK Property Market Is Heating Up - But Are Buyers Keeping Up? 📈🏡

The UK property market is showing strong momentum:

➡️38,376 new properties hit the market last week
➡️£357k average home price for properties sold (STC)
➡️£1,732 average UK rent per month
➡️23,392 homes sold (STC) last week
➡️13.2% of homes reduced in price in the last month
➡️77 days average time to sell a house
➡️3.75% Bank of England base rate

With 716,943 homes currently for sale and 6.2% more homes sold compared to last year, the market is offering more opportunities for both buyers and sellers.

But here’s the big question…
Are we seeing a buyer’s market forming - or just increased competition?

👇 What do you think?
Are you planning to buy, sell, or invest this year?

Comment below and let’s discuss.