{"id":4022988,"date":"2019-02-26T09:30:32","date_gmt":"2019-02-26T09:30:32","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=4022988"},"modified":"2023-10-10T13:23:40","modified_gmt":"2023-10-10T12:23:40","slug":"property-completions-surged-in-january-as-sellers-and-buyers-in-uk-cities-remain-confident","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2019\/02\/26\/property-completions-surged-in-january-as-sellers-and-buyers-in-uk-cities-remain-confident\/","title":{"rendered":"Property completions surged\u00a0in January\u00a0as\u00a0sellers\u00a0and\u00a0buyers\u00a0in UK cities\u00a0remain\u00a0confident\u00a0\u00a0"},"content":{"rendered":"

There has been a whopping 112% growth year-on-year in\u00a0<\/b>property<\/b>\u00a0<\/b>completions<\/b>\u00a0<\/b>during<\/b>\u00a0January, and sellers\u00a0<\/b>in the UK\u2019s biggest cities\u00a0<\/b>seem to have the most confidence<\/b>.<\/b>\u00a0<\/span><\/p>\n

NetAnAgent, an online comparison website for estate agents,\u00a0recently released\u00a0research\u00a0on listing enquiries, property completions, and confidence from potential\u00a0buyers and\u00a0sellers.\u00a0The\u00a0data\u00a0showed there has been a 35% increase in listing enquiries\u00a0year-on-year\u00a0in\u00a0January<\/a>.\u00a0As property completions are also up, these numbers make it clear the\u00a0UK property market is still being resilient\u00a0despite\u00a0current political and economic uncertainty.\u00a0<\/span><\/p>\n

An increase in\u00a0<\/b>sellers interested in putting their property on the market<\/b>\u00a0<\/span><\/p>\n

Property Reporter recently analysed\u00a0NetAnAgent\u2019s research, which revealed\u00a0an increase in confidence among potential sellers putting their houses to valuation, particularly those located in big cities. The comparison website\u00a0for estate agents\u00a0looked at the ratio of\u00a0properties\u00a0listed\u00a0vs\u00a0the number of properties\u00a0that\u00a0selected\u00a0a valuation or instruction in the past three months.\u00a0\u00a0<\/span><\/p>\n

In the index,\u00a0the\u00a0average score\u00a0for all of the UK\u00a0was 19.5. The 10 biggest cities all outperformed that average.\u00a0Edinburgh was at the top of the list with a score of 36, while Bristol followed with 32.\u00a0<\/span><\/p>\n

Alex Thorpe, chief executive of NetAnAgent,\u00a0stated: \u201cAs ever, when looking at consumer confidence there are always a number of elements to take into account. Whilst some potential vendors are more likely to request a valuation via online channels, due to time restraints or just being more online savvy, the figures seem to show that home owners wanting to sell have had enough of the waiting game.\u00a0\u00a0<\/span><\/p><\/blockquote>\n

Confidence surges<\/b>\u00a0in the north and Midlands<\/b>\u00a0<\/span><\/p>\n

The north and Midlands were\u00a0well\u00a0represented on\u00a0NetAnAgent\u2019s\u00a0list.\u00a0Liverpool<\/a>\u00a0secured a spot in third\u00a0out of the UK\u2019s largest cities\u00a0with a score of 30. The city by the Mersey has boasted recent house price growth, a variety of regeneration projects, and has become a buy-to-let hotspot.\u00a0<\/span><\/p>\n

Birmingham came in\u00a0fifth\u00a0with 27. Confidence is high in Britain\u2019s second city with\u00a0building numbers<\/a>\u00a0soaring and demand increasing in the city centre.\u00a0Additionally,\u00a0building for the\u00a02022 Commonwealth Games<\/a>\u00a0will bring more development to\u00a0Birmingham.\u00a0<\/span><\/p>\n

At sixth, Leeds\u00a0scored 26\u00a0and boasts opportunities for housing investment growth\u00a0with many areas of the city being revitalised.\u00a0Leeds also saw ground\u00a0break\u00a0on 21 projects in 2018, which is\u00a0the most since 2002. Further growth is expected as the number of\u00a0homes in the city centre<\/a>\u00a0could double in the coming years.\u00a0<\/span><\/p>\n

Manchester was ranked 10th with a score of 20.\u00a0Residential construction<\/a>\u00a0has reached record levels\u00a0there, in addition to the building of office space.\u00a0On top of that, Manchester is set to remain one of the\u00a0UK\u2019s fastest growing economies<\/a>.\u00a0<\/span><\/p>\n

It\u2019s easy to see why\u00a0buyers and sellers alike have confidence in\u00a0the\u00a0UK\u2019s\u00a0biggest\u00a0cities, especially those in the north and Midlands. These regions have seen impressive growth in the property sector and\u00a0have even\u00a0defied house price uncertainty<\/a>\u00a0following the Brexit referendum.\u00a0\u00a0<\/span><\/p>\n

Mr Thorpe\u00a0commented: \u201cRegardless of the outcome of the protracted Brexit process, and with the possibility of an extension of Article 50 it appears, that UK sellers are ready to make their move and have been flocking to our site to get the ball rolling.\u201d
\n<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

There has been a whopping 112% growth year-on-year in\u00a0property\u00a0completions\u00a0during\u00a0January, and sellers\u00a0in the UK\u2019s biggest cities\u00a0seem to have the most confidence.\u00a0 NetAnAgent, an online comparison website for estate agents,\u00a0recently released\u00a0research\u00a0on listing enquiries, property completions, and confidence from potential\u00a0buyers and\u00a0sellers.\u00a0The\u00a0data\u00a0showed there has been a 35% increase in listing enquiries\u00a0year-on-year\u00a0in\u00a0January.\u00a0As property completions are also up, these numbers make… Read more »<\/a><\/p>\n","protected":false},"author":1982,"featured_media":4022989,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[197,111,6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4022988"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1982"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=4022988"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4022988\/revisions"}],"predecessor-version":[{"id":6097540,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4022988\/revisions\/6097540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4022989"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=4022988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=4022988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=4022988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}