The average number of homes sold per chartered surveyor hit its highest level in April for more than five years, according to new research.
The Royal Institution of Chartered Surveyors (RICS) published its latest Residential Market Survey on 8 May, revealing that even though the number of new properties coming on to the market fell for the fourth month running, 26 per cent more chartered surveyors reported increased agreed sales.
The average number of homes sold per surveyor hit 23, the highest since February 2008, and potential new buyer demand also remained strong with 20 per cent more chartered surveyors reporting an increase in new enquiries.
Clare Butcher, an associate solicitor at Palmers specialising in residential property, said: “This research clearly illustrates the strength of demand in the property market.
“While the lack of homes coming on to the market is potentially good news for people thinking about selling, shortage of supply also creates challenges for buyers, who are chasing a limited pool of properties.
“Buyers and sellers can benefit from having their solicitor in place before putting their property up for sale or making an offer on a home, so that they are ready to act as soon as things start moving.
“At Palmers, we offer a fast and cost-efficient conveyancing service, provided by a team that understands that buying and selling a home can be a stressful experience at times and provides practical, proactive support from start to finish. For more information, please contact our Property team.”