May
9

Chain-free buyers command property market

We’ve seen plenty of reports highlighting how fast the property market is moving, such as sales taking place within around a month, meaning that sellers will likely want a quick sale to ensure they don’t lose the chance of buying their dream home. This Property Road article explains how in 2022, there has been a marked rise in offers accepted from chain-free buyers, which has no doubt impacted this. As a comparison, in 2010, 65% of buyers were chain-free, however, so far this year, they represent 73% of all buyers. Whilst the number of first-time buyers continues to buoy the market, for the last year or so, many homeowners have chosen to sell and move into temporary rented accommodation to put themselves in a much stronger position to acquire the property they want. Read here.