Latest Data Reveals Current Hot Spots For Home Buyers In UK

Terrace houses

Springbok Properties have released the latest buyer demand index statistics around the UK. To collect the data, Springbok used several property portals to understand the buying demand in the UK’s 100 most populated towns and cities. These figures were based on the total ratio of homes listed as for sale, and those that had already been sold subject to contract or were sold under offer.

From the data pulled, it conveyed that the current demand for housing is currently 39.5% around the UK. This data is still a drop of around -2.8% of the second quarter of 2019 as the uncertainty of Brexit has continued to affect the market.

 

Low Demand Areas

The lowest demanding areas in the 3rd quarter included Derry (23.8%), Stockton-on-Tees (22%) and Aberdeen (8.7%). Derry has also seen one of the largest drops from Q2 to Q3 of -10.7%. Whereas Belfast and West Bromwich saw a quarter on quarter drop of -4.5%.

Although these statistics may seem gloomy, it seems that there are still house buyers out there.

High Demand Areas

 

Onto the hot list. Glasgow remains one of the most in demand areas according to the Springbok Properties data. In Q3, Glasgow saw a demand of  of 59.5%. Falkirk in Scotland ranked second with demand of 59.2%. Within England, Sale is the most demanding town with the buyer demand being 57.9%. This is followed by Bristol (57.4%), Worthing (55.3%) and Sheffield (54.6%).

Edinburgh remains within the top 10 as the most in demand. Q2 to Q3 has seen Edinburgh slip from 2nd place to 7th, however the demand is still high at around 53.2%. Dartford followed in 8th place (51.7%), 9th being Stockport (51.2%) and Dudley in the tenth spot (50.8%).

The biggest town with the biggest increase from Q2 to Q3 was Basildon, Essex. Basildon’s demand increased by 4.7%, followed by High Wycombe (4.5%) and Bradford (3.5%).

London

London slipped into tenth place in the lowest demanding areas, with the current demand being 29.5%. Although, this is an increase of 0.3% from Q2 and conveys a glimmer of positive news of London housing.

The hottest in demand areas in Q3 included Bexley (53.6%), Waltham Forest (51.3%) and Sutton (46.5%). Grenwich (3.7%), Hounslow (2.6%) and Hillingdon (2.6%) saw the largest increases from the second quarter to the third within the London Boroughs.

The cold spot for buying demand remains in the City of London. In the area, demand is only 8.3% and saw the largest quarter decline from Q2 of -7.4%.

Jess Mitchell

I started writing for PPO back in August 2019. I particularly enjoy writing about new housing developments and upcoming property events.

About Sophia 68 Articles
I started writing for PPO back in August 2019. I particularly enjoy writing about new housing developments and upcoming property events.

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