According to Propertymark's August Housing Report, UK home sales transactions completed in August increased by almost 10% compared to the same period in 2023.
The report found that the average number of new prospective buyers registered per merchant remained unchanged at 71 in August 2024 compared to the previous month. 
The average number of views was also flat in August at 91 views per member branch.
However, the average number of views per available property has increased, increasing to 3.8 views in August this year.
In August 2024, new sales orders per member branch increased by 40% and inventory levels increased to an average of 48 properties for sale in each member branch.
Regarding rentals, 10 new applicants were registered for each vacant property in August.
The data also found that 2.6% of fully managed properties per participating branch are in arrears.
The average number of new property instructions per branch trended downward in August.
In August 2024, 55% of members reported their rents remained the same and 5% reported their rents decreased.
Nathan Emerson, CEO of Propertymark, said: “While the economy has been on a more stable footing this year to date, which has contributed to improved consumer confidence in the housing market, it is important to consider that there are still challenges ahead. ” ”
“We are still at the beginning of the trajectory when it comes to more favorable base rates and only the starting blocks when it comes to the UK Government’s ambitions for new housebuilding targets – to build nearly 2 million homes over the next five years. To address this challenge, it remains essential that we make significant efforts to expand our workforce.”
“The residential sector continues to suffer from prolonged inventory shortages in both the sales and rental sectors. This continues to impact sales and rental prices in many regions.”
“With a new UK government in place, we are confident that the entire housing sector will undergo a major evolution over the next five years in terms of regulatory planning, building safety, taxation, ambitions to reach net zero, tenant rights and other legislation. Dew” bill. “
“Fundamentally, the housing sector is about to embark on its biggest transformation in decades. It remains important that all ambitions are objective and measurable, and that they provide balance and equity across the board. ”
“It remains critical that future direction is driven by data insights and broad stakeholder engagement to ensure housing remains equally accessible to both residents and investors. ”
