05/08/2022
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While coastal areas begin to cool, competition between buyers and renters has risen across Great Britainβs 50 largest cities β by an average of 13% for buyers, and 29% for renters over the last year.
Competition is measured by the number of buyers contacting estate agents in an area, compared with the number of properties available in that location. As demand eases, and the number of available properties increases in an area, competition between buyers becomes less fierce.
Bath is the number one city hotspot, where competition between buyers has increased by 49% since the same period in 2021.
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1. Bath | Β£558,882 | +49%
2. Carlisle | Β£155,077 | +42%
3. Newcastle Upon Tyne | Β£208,951 | +36%
4. London | Β£689,230 | +35%
5. Oxford | Β£539,059 | +33%
6. Chester | Β£296,556 | +30%
7. Southampton | Β£270,967 | +27%
8. St. Albans | Β£669,020 | +26%
9. Dundee | Β£155,390 | +24%
10. Cambridge | Β£524,101 | +24%
If youβre thinking about relocating then send over a DM and Iβll let you know how I can help.
π www.benson-international.com
