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As the housing market recovery continues to strengthen, Connells Group recorded its busiest second quarter of bookings in the last six years.
The latest figures show that new instructions in the second quarter of 2024 increased 14% compared to the same period last year.
Viewing activity increased 11% compared to the second quarter of 2023, and contracted sales increased 13% year-over-year.
The group said the market performed well despite the second quarter including two public holiday periods and the period leading up to a general election, both of which could have disrupted activity.
Ian Fry, CEO of Connells Group (estate agents), commented: “The spring market has continued to show impressive growth despite external factors and we expect this momentum to continue into the third quarter. Seller appetite shows that people continue to be happy to relocate.”
Buyer activity also increased in the second quarter, with viewings up 11% year over year and sales agreements up 13% over the same period.
“The new instructions have encouraged further healthy buyer activity, and looking ahead, good supply and the prospect of interest rate cuts are improving the prospects for the market to achieve good overall transaction levels for the remainder of this year and into 2025,” Fry added.
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