Demand rising in Bournemouth and Swansea



Buyer demand has seen a huge uplift in the cities of Bournemouth and Swansea, GetAgent’s Hotspots Demand Index has found.

The research rated demand in each area based on the proportion of stock listed as already sold (sold subject to contract or under offer) as a percentage of all stock listed for sale.

In Bournemouth demand has risen from 58% to 77% between Q4 2020 to Q1 2021, a difference of 19%.

Meanwhile it’s rocketed from 51% to 67% in Swansea, a 15% uplift in demand.

Other cities where demand is ramping up include Plymouth, Newcastle, Cardiff and Southampton.

Colby Short, founder and chief executive of GetAgent.co.uk, said: “There’s no doubt that the implementation of a stamp duty holiday in its various forms across the UK has helped boost buyer demand considerably since last year.

“This heightened market activity has continued throughout this year and the market has gone from strength to strength as a result.

“With just the second phase of the extended deadline remaining in England, it will be interesting to see if this momentum remains over the third and fourth quarter, but it’s unlikely to cause any notable decline.

“There remains a severe shortage of stock to meet even the most modest levels of buyer activity and while this remains the case, house price growth is likely to remain buoyant.”

Manchester (-1%), Liverpool (-2%) and Leeds (-3%) have seen a marginal decline in buyer demand, while this drop has been larger in Belfast (-5%) and Oxford (-7%).

Homebuyer demand in London has climbed by 3% since the start of this year, although it remains flat at 46% between the first and second quarter.

Bexley has seen the largest uplift in buyer demand between the first and second quarters of this year (+4%), while Sutton, the City of London, Havering, Hillingdon and Hounslow have all seen an increase of 3% in Q2.

However, 14 London boroughs have seen a quarterly decline in buyer demand with Brent, Wandsworth, Hackney and Greenwich seeing the biggest declines, albeit of between just -2% and -4%.

Leave a Reply