Property

Home mover activity at all-time high, says Rightmove

Property Reporter
|
5th January 2022
Rightmove 123

Festive house-hunters have driven a 23% rise in activity, resulting in the busiest ever Christmas period on property website, Rightmove.

According to data released this morning, buyer demand was up by 23% compared to the same period last year on the portal as
both prospective buyers and sellers make it their resolution to move in 2022.

Tim Bannister, Rightmove’s Director of Property Data, said: “Boxing Day traditionally signals the start of activity ramping up as people turn their attention from turkey and trimmings to their plans for 2022, and activity is set to increase further as January unfolds and people start to settle down into a routine after the December break.

“Despite the frenzied market activity we saw throughout 2021, we’ve recorded even higher levels of buyer demand in the period between Boxing Day and the New Year this year, driven by a sustained desire to get on and move.

“Not only this, but the increased number of new homes up for sale on Boxing Day compared to last year signals a new group of sellers coming to market who have made it their New Year’s resolution to move in 2022. This group may have held back last year due to the frantic market but are now seeing it as their time to take action, and have taken advantage of the high number of prospective buyers searching for their next home over the holidays.

“This, coupled with the number of would-be sellers getting in touch with an agent to value their home, suggests more property choice to come for buyers. However, with buyer demand high, we’d recommend getting in touch with a local estate agent to book a viewing as soon as you see a property that could end up being the one for you.”

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