The team at Quealy & Co are pleased to report that more choice is returning to the housing market, with agents reporting a rise in new instructions in both the sales and lettings markets.
The net balance of respondents reporting a rise in new sales instructions was positive for the first time in a year. Letting instructions were positive for the first time since July 2020 (latest RICS survey March 2022).
Demand for properties to buy and rent remains high however, and a continuing shortage of properties is likely to underpin price growth. Despite economic headwinds, price growth seems set to remain in positive territory over the next year.
The RICS net balance score is based on the proportion of survey respondents reporting a rise, less those reporting a fall in instructions.
Are you thinking of selling your home in Kent?
Call us on 01795 429836 or email email@example.com to chat with a member of our friendly and experienced team about anything to do with moving home. We are selling properties in Sittingbourne, Sheerness, Minster, Faversham, Canterbury, Rainham, Gillingham, Chatham, Rochester and Maidstone. Our property marketing services are expanding across Kent!
Source: Dataloft, The Royal Institution of Chartered Surveyors (net balance of survey participants)
20 March 2022
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