AWARD-winning Worthing estate agency Fox & Sons is delighted to report higher levels of activity from home buyers in the first three months of this year.
According to its figures, the first quarter of 2012 has seen increases in the number of buyers, offers made on properties and the total number of sales compared to the same period last year.
Since the start of the year, Fox & Sons’ figures show the number of buyers registering an interest in purchasing a property has risen, viewings on properties have gone up by 6.2 per cent and the number of buyers putting an offer on a property has increased by 11 per cent.
This heightened activity has resulted in a five per cent increase in home sales in March, 2012, compared to March, 2011, a figure which rises to a 10 per cent increase in sales when you look at the entire first quarter of 2012 compared to the same period last year.
“We’re seeing a lot more confidence in the housing market which is great news for anyone looking to sell this year,” said branch manager Richard Phillips.
“The fact that viewings and offers on properties have risen by up to 10 per cent shows us that buyers are fed up with speculating on the market and are now taking action.”
The flurry of activity created by the end of the first-time buyer stamp duty holiday in March has contributed to Fox & Sons’ quarter one figures. The branch team has also seen improvements in the choice and availability of mortgage products over the last year, increasing the opportunity for home buyers to purchase a home.
“It’s been a buoyant start to the year for the local housing market and we are urging home owners who are thinking of moving to take advantage of this,” Richard continued.
“Buyers who have been putting off their move, perhaps due to lack of confidence, have returned to the market and are looking to make a purchase.”
For a free market appraisal with Fox & Sons, contact the Worthing branch on 01903 209055 or email firstname.lastname@example.org.