I'm a property expert that still remembers the days when having broadband was a selling point! My articles cover issues that homesellers face in the UK and answer the questions we're all asking. I've bought and sold properties and helped others do the same, so my writing comes from years of experience.
Read Full Bio >Springbok Properties’ latest analysis has been featured in Property Soup and Property Reporter, highlighting the regions where homes are proving hardest to sell.
Based on listings data from Rightmove, fewer than half (43.6%) of homes in England are currently sold subject to contract.
The weakest markets include:
- City of London: just 21.2% of homes under offer
- Isle of Wight: 27.6%
- Cornwall: 30.3%
- Other weak spots: Lincolnshire (34.5%), Herefordshire (35.2%), Greater London (35.7%), Devon (36.9%)
Even in Bristol, a traditionally strong market, demand stands at just 58.1%, leaving more than four in ten homes unsold.
Springbok Properties CEO, Shepherd Ncube, commented:
“In many parts of England, fewer than one in three properties have secured a buyer. This is a clear sign of cooling buyer sentiment and growing uncertainty across the housing sector, driven no doubt by wider economic troubles and apprehensions ahead of the Autumn Budget.”
Takeaway:
The data shows that in today’s market, certainty is crucial. Many sellers are turning away from traditional routes and exploring faster, guaranteed-sale options to avoid being stuck on the market for months.
Read the full features here:
https://propertysoup.co.uk/toughest-sales-markets-in-london-cornwall-and-the-isle-of-wight
