Home.co.uk
Home.co.uk

News: Viewings are up 10% in Greater London and the South West

Wed, 23 Jul 14


Viewings of properties located in Greater London and the South West have risen 10 per cent, according to agents.

A survey of 100 by Move with Us reveals that the competition for homes around and in the UK capital is heating up; the average number of viewings per property in Greater London and the South West us 13, 10 per cent higher than last year.

The figure (for homes on the market before they are sold subject to contract) is also seven more viewings than the average for Britain which currently stands at six.

Properties in the East Midlands, on the other hand, sell after just four viewings on average, indicating that not only are buyers returning to the market across the UK, but that they have done their research and choose which properties to view before proceeding.

Robin King, Director at Move with Us, says: “In fast paced property markets such as Greater London where the average selling time is just 47 days, viewing numbers tend to be higher because there is a large number of potential buyers fighting for a limited number of properties. Rapid selling times mean buyers have less time to make well thought out decisions about which properties to visit and tend to view properties they wouldn’t normally consider as soon as they come on the market. This increases the viewings to offer ratio.

“The ideal situation is for a seller to have a handful of viewings from qualified, carefully selected buyers whose property wish lists are a close match who then go on to make an offer. Receiving plenty of viewings but no offers is the worst case scenario for a seller as this will not achieve the goal of selling the property, will take up lots of time and can be an emotional roller-coaster."

Back to: News Index