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Property News | Rightmove Records Its Busiest-Ever Festive Period

Rightmove recorded its busiest ever festive period for home mover activity where its buyer demand was up 23% in comparison to the same period last year.🏡

Record breaking figures!

Rightmove also reported that the number of new sellers coming to the market was up by an impressive 21% on Boxing Day compared to December 26th 2020, making it the highest number of new sellers Rightmove has ever reported on that date.

Homeowners eager to sell their homes also leapt into action on December 30th, making it the busiest day since May 2021 for people requesting property valuations, and into the top ten busiest ever days for these valuation requests on Rightmove.

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What the experts’ say

Tim Bannister, Rightmove’s Director of Property Data, said:

“Boxing Day traditionally signals the start of activity ramping up as people turn their attention from turkey and trimmings to their plans for 2022, and activity is set to increase further as January unfolds and people start to settle down into a routine after the December break.

Despite the frenzied market activity we saw throughout 2021, we’ve recorded even higher levels of buyer demand in the period between Boxing Day and the New Year this year, driven by a sustained desire to get on and move. Not only this, but the increased number of new homes up for sale on Boxing Day compared to last year, signals a new group of sellers coming to market who have made it their New Year’s resolution to move in 2022. This group may have held back last year due to the frantic market but are now seeing it as their time to take action, and have taken advantage of the high number of prospective buyers searching for their next home over the holidays.

This, coupled with the number of would-be sellers getting in touch with an agent to value their home, suggests more property choice to come for buyers. However, with buyer demand high, we’d reccomend getting in touch with a local estate agent to book a viewing as soon as you see a property that could end up being the one for you.”

Thinking about selling? Miller Metcalfe have 18 hubs across the North West. Our property experts are always on hand to assist you with any of your property needs. Contact us today. Visit https://millermetcalfe.co.uk/contact-us/ to find your local branch.

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