Property is selling fast

Property is selling fast

Newly-marketed properties are being snapped up fast, with Rightmove reporting that 22% of deals are agreed within the first week of being listed.

This is more than double what was seen at the same time in 2019 and reflects the continued large disparity between supply and demand in the market.

Over 60% of agents in the latest Dataloft subscriber poll reported that properties were selling, on average, after 4 viewings or less.

With momentum in the market high, close to 2 in every 5 properties (39%) are selling at over the asking price (NAEA). Source: Dataloft Inform, Rightmove, NAEA


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After a quiet summer, the property market is showing signs of life again. For Leytonstone homeowners weighing up a move, the latest figures are encouraging, but there are a few things worth knowing before the For Sale board goes up.

A change of tenancy is a useful opportunity to review more than the rent. From property condition to compliance and management, a little preparation this autumn can help create a smoother next let.

The Renters' Rights Act has already reshaped the private rented sector this year, but one of its most significant measures is still to come: a mandatory PRS Landlord Ombudsman, giving every tenant in England a free, binding route to complain about their landlord. It will change how disputes are resolved.

A move often starts long before a property is officially listed. If selling within the next few months is becoming a realistic possibility, September is a good time to work out what needs to happen first.