With Brexit looming, house prices are predicted to decline even further. The uncertainty in the property market has caused certain areas to suffer, with house sales reducing year after year. However, new research has revealed that certain areas are are experience an increase in buyers snapping up property with the highest level of buyer activity taking place in Glasgow and Edinburgh.The latest Buyer Demand Index by Springbok Properties, based on the ratio of homes sold to those for sale across the UK and the nation’s most populated towns and cities, showed that buyer demand has crept up slightly in the second quarter of this year by 1 per cent, now at 42.3 per cent, across the UK.
Founder and CEO of Springbok Properties, Shepherd Ncube, commented: “Slowly but surely we are seeing UK home buyers grow bored of Brexit and push on with a sale despite the fact that we as a nation are still staring into the political unknown.
So which area has the highest demand?
The highest level of buyer activity is currently in Glasgow at 60.2 per cent, closely followed by Edinburgh at 57.6 per cent.
Sale is the most in-demand area in England at 57.3 per cent, closely followed by Bristol (56.6 per cent).
At 49.3 per cent, Belfast ranks 14th overall in the UK and is the first entry for Northern Ireland, with Cardiff the first for Wales, sitting at number 26 with current demand at 47.7 per cent
Worthing near Brighton is home to the biggest uplift in buyer demand since the start of the year with a 7.1 per cent increase.
York (6 per cent), Woking (5.2 per cent), Mansfield (5 per cent), Basingstoke (4.6 per cent), Exeter (4.6 per cent), Bristol (4.6 per cent), St Helen’s (4.4 per cent), Southport (4.2 per cent) and High Wycombe (4.1 per cent) are also home to some of the biggest increases in buyer demand.
Bexley remains the most sought-after borough for buyers in the capital, along with Waltham Forest, Barking, Sutton and Havering.
While Redbridge has enjoyed the largest uplift since Q1 at 5.4 per cent, with Sutton and Waltham Forest, not just the hottest currently, but also enjoying some of the largest increases in demand since Q1 as well.
Homeowners are trying their hardest to increase the value of their home in order to get the best sale possible.
It was recently revealed that by renovating the garden, homeowners could increase the value of there home by a whopping £60,000.
According to experts at The Greenhouse People, making small changes to the garden could improve the value of homes.
They said: “A thoughtfully designed garden which mirrors the style and décor of your house will attract the right attention and give a sense of extra space.
“If your garden is overly wide or long, consider breaking it down into distinct areas.
“Create clear zones using different materials and textures, keeping a good amount of lawn alongside a decked or paved area for relaxing and entertaining, flower bed borders and a growing area with raised beds or a greenhouse.”