The UK housing market is showing no signs of slowing down during the spring, with a large number of buyers and citizens optimistic that they can buy or sell within a quarter, according to new data from OnTheMarket.
Recording more than 120,000 consumer responses, the sentiment of the consumer index found that 75% of active buyers and 82% of sellers were confident that they would proceed with a real estate transaction within a quarter.
Despite the significant macroeconomic turmoil last month, including the cost-of-living crisis and a 0.25% to 0.75% rate hike by the Bank of England, March was a strong month for buyers.
About 64% of properties put up for sale were sold within 30 days of their first ad in March, up from 61% in February and much higher than the 51% in the same period last year.
Source: Capital
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