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Britain's booming property market sees 13 buyers for EVERY home on sale

Added 05-09-21 05:36:03am EST - “Agreed sales last month were up 57 per cent compared with April 2019, with many estate agents now immediately asking prospective buyers for their 'best and final offer' to ward off gazumping.” - Dailymail.co.uk

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Posted By TheNewsCommenter: From Dailymail.co.uk: “Britain's booming property market sees 13 buyers for each home on sale”. Below is an excerpt from the article.

Britain's booming property market is producing record sales figures, with an average of 13 buyers for every home that gets listed.

Agreed sales last month were up 57 per cent compared with April 2019, with many estate agents now immediately asking prospective buyers for their 'best and final offer' to ward off gazumping.

Experts said the industry was working around the clock, and buyers were resorting to extreme measures to secure a home. 

Mark Hayward, chief policy adviser at estate agents' lobby group NAEA Propertymark, said: 'It's quite aggressive out there. Some people are moving into rented property so they can move very quickly.

'There are people moving into caravans and living in the area so they can be quick to pounce if something comes on the market. 

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