The GetAgent Hotspots Demand Index considers homebuyer demand in England, looking at figures from each quarter. The index compares the number of housing stocks listed with stock sold, giving a broad picture of buyer activity in the country.
The index showed that buyer demand was down by -6.7% annually, except in the City of London, where buyer demand increased by 2.4% year-on-year. However, demand did rise between Q3 and Q4 by 0.3%.
While overall demand only marginally increased between quarters, demand rose significantly on a county level. Rutland saw the most significant increase of 3.8%, while Buckinghamshire and Berkshire also enjoyed good demand growth at 3.4%.
The other areas making up the top 10 for buyer demand between Q3 and Q4 included:
- Surrey
- Hertfordshire
- East Sussex
- Bristol
- London
- Oxfordshire
- Essex
- Bedfordshire
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Co-founder and CEO of GetAgent.co.uk, Colby Short, said:
“Our latest index very much echoes wider industry data on market performance during the closing stages of 2023.
“While the landscape remains largely subdued, there are green shoots of positivity starting to show, and in some areas, these shoots are growing at a far swifter rate than the national picture alludes to.
“Although the market is yet to spring back into action when viewed on an annual basis, there’s no doubt that things are improving, and this puts us in a great position as we enter the new year.”
