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The stamp duty holiday has significantly impacted the housing market, and we know many people are wondering how it will affect the market. We believe that things are starting to settle down.

This is what we have experienced at Austin Property Services in speaking with our customers, and it is what is coming back from the findings of leading names and organisations in the property market.

The latest figures from NAEA Propertymark are always worth considering. We will take you through some of the highlights in this guide.

Number of properties available per member branch

  • For July 2021, this stood at 28

  • This is an increase from the June 2021 figures of 23

  • For July, this is the lowest ever figure year-on-year

  • The previous lowest figure for July was in 2017, when there were 35 properties available per branch

Average number of prospective buyers registered per branch

  • For July 2021, this stood at 428

  • This represents a modest increase on the 427 in June 2021

  • For the year-on-year figure, the 428 figure is unmoved, as this was the same tally in 428

Taking these figures suggests there is an average of 15 willing buyers for every listed property on the housing market.

Properties selling above the asking price

  • For July 2021, 31% of properties sold above the original asking price

  • This is a fall from the June 2020 figures, where 40% of properties sold above the original asking price

  • However, there is more in common with the May 2021 figures, where 33% of properties sold above the asking price

  • The July 2021 figure is a record for the month, with the previous high coming in July 2020, with just 8%

How many sales were agreed per estate agent branch?

  • There was an average of 10 sales agreed per branch in July 2021

  • This represents a fall from the June figure of 2021, which stood at 11

  • There was also a drop in the year-on-year figure, with the July 2020 figure standing at 13 sales per branch

  • The percentage of sales made to first-time buyers in July 2021 was 20%

  • This represents a fall from the 27% in June 2021

Nathan Emerson, chief executive of Propertymark, commented: “This month’s slight rebalance of the market is welcome news and a much-needed step in the right direction, with supply of property beginning to increase and the number of homes selling for over the asking price starting to even out. Now that the stamp duty holiday is close to it’s final phased out end, we expect this trend to continue in the coming months as people and spending habits return to normality post Covid.”

We know many people have questions and queries right now, and we are here to help as best we can. Please get in touch with Austin Property Services if there is anything we can assist you with today. You can call us on 01305 858470 or you can email us at This email address is being protected from spambots. You need JavaScript enabled to view it..

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