Strongest sellers' market in over a decade

According to Rightmove, 68% of UK homes have found a buyer this year, the highest percentage in a decade*, suggesting that prospective homeowners have not been deterred by rising house prices. In comparison, 41% of UK homes found a buyer in 2012.

In June 2021 alone, 200,000 homes were sold across the UK.

With demand for UK property continuing to perform well despite the tapering of the stamp duty holiday, house prices are predicted to increase by more than double the 4% which was initially expected before the stamp duty was extended in March 2021**. House prices are now expected to increase by about 9% in 2021, driven by strong demand for housing that is almost outstripping supply.

Buyers have been particularly keen on finding bigger properties with more space and have more money to put down on a deposit following a year without holidays and restaurant spending. As a result, sellers have received huge amounts of interest and are able to complete a sale quickly.  

With multinational companies in the City such as Goldman Sachs and Apple stating that workers will be expected to return to the office, this is predicted to contribute to a bounceback in the London housing market.

Stephen Ludlow, Chairman at ludlowthompson says: “Increasing demand and changing priorities have contributed to the high demand for property this year – making it a strong sellers’ market.”

“With the gradual return to normality we will see central London reaffirm its dominance compared to other parts of the South East. Prospective buyers are keen to allocate the money they have saved up during the pandemic on a deposit for a new home.”

“The UK housing market continues to go from strength to strength. Sellers are benefitting from an increase in the price of their property and with so many potential buyers to choose from, this has made for a much smoother sales process.”

* Rightmove (2021)

** Savills (2021)

6,580 positive allAgents reviews – Top 5 Agent in the UK (2020).

ludlowthompson staff are measured by how our customers rate them via 1,000s of questionnaires. Every single questionnaire is read by Stephen Ludlow and David Thompson.

Ricky S via Google Reviews

Excellent experience with Ludlow Thompson. Marketed my property Thursday and had eight viewings over the weekend, with two offers arriving on Monday. Sale is all complete now. Special thanks to the team at ludlowthompson Bow. Would highly recommend.

Bethal B via Google Reviews

Great guidance and counsel every step of the way selling my flat. Professional, efficient and great service. I wouldn't have managed it without the team helping me every step of the way. Thank you so much everyone.