2024 Real Estate Insights: A Promising Shift in the Market and Anthony Webb's Continued Success

5th February 2024

2024 Real Estate Insights: A Promising Shift in the Market and Anthony Webb's Continued Success

We are six weeks into 2024 and already this year feels very different to last year. At Anthony Webb we have seen a large increase in buyers registering to view properties as well as an increase in offers being made.

Zoopla’s latest House Price Index shows that UK buyer demand is up by 12% and sales agreed are up by 13% year on year.

Buyer confidence is up mainly due to a fall in mortgage rates in recent weeks, with some deals below 4%, contributing to the buoyancy in the housing market.

Richard Donnell, executive director at Zoopla said “It’s a positive start to the year with all key measures of housing activity higher than a year ago.”

This data provided by Zoopla also shows that London has led the rebound in new buyer demand, with buyer affordability in the capital being the best since 2016.

In 2023, Anthony Webb experienced a notable increase in our market share within the local area, earning the distinction of being both the most selected agent for selling local properties and the agent with the highest number of agreed sales.* As of early 2024, we continue to maintain our top position in the local area for the most sales agreed, as confirmed by Rightmove on February 3, 2024.

Recent successes include a previously unsold flat returning to the market at the same price and selling within an impressive 5 days, surpassing the asking price. Additionally, a property in the Lakes Estate, on Derwent Road, sold for the full asking price within just 3 days of being listed, while a 2-bedroom, 2-bath flat achieved the full asking price on its very first day of viewings. These represent only a few of the successful sales we've facilitated in the past few weeks.

Our continued success is attributed not only to the resurgence of buyer confidence but also to our commitment to connecting the right sellers with the right buyers. This is made possible through our in-depth knowledge of the local market and a keen understanding of the specific needs of both current and prospective residents in the area. Such expertise can only be provided by a reputable local estate agent like Anthony Webb.

Richard Donnell from Zoopla also said this week “We don’t see these trends as a precursor to higher prices in 2024 as it remains a buyers’ market. Sellers looking to move should be encouraged by these early signals of activity, but buyers remain price sensitive and focused on value for money. Over-optimism by sellers could quickly stall the current improvement in market activity”.

To take advantage of this spike in activity along with the traditional increase of demand during Spring, call Anthony Webb on 020 8882 7888 or email our expert valuer, Martin at martin@anthonywebb.co.uk.

*According to Rightmove 31 December 2023