The Dataloft Demand Index shows a 36% increase in housing market demand since the start of 2021, with the traditional Spring market set to be busier than ever.
Demand rose 13% between February and March, with Rightmove reporting sales in the first week of March up 12% year-on-year. The number of buyers enquiring per available property was 34% higher.
Lockdown 3 has exacerbated the supply/demand imbalance across the marketplace, currently supporting property price growth.
But with lockdown restrictions starting to ease and incentives to move, all eyes will now look to whether new supply starts to increase. (Source: Dataloft Demand Index, based on visits to agents’ sites displaying Dataloft Inform local insights each week.)
As we work with property investors and landlords in the Nottingham and Mansfield area, we have drilled down to look at the local landscape for sales over the past 12 months.
Overview of sales in Mansfield
Overview of sales in Nottingham
It is good to see that the housing market is continuing to stay buoyant despite the lockdown. We are optimistic that this trend will continue so we can continue to support our clients by looking for suitable buy-to-let properties across Nottingham and Mansfield.
Once purchased, we often project manage any refurbishments required to get the property ready to rent. We then offer two packages, letting only, or we can also manage your property if you don't want to get involved in the property's day-to-day management.
If you plan to extend your property portfolio in Nottingham or Mansfield and would like some further information about the local property market, please contact us by calling 0115 704 3163 or 01623 277115. Alternatively, you can email us via our contact us page – click here.