LONRES.MARKET.BRIEFING.
LONRES.MARKET.
BRIEFING.
UNLOCKING PENT-UP DEMAND
September 2018 Update
With LonRes data revealing that £49m in fees would become available if just 10% of withdrawn properties across prime London re-entered the market, now is the time for agents to seize this opportunity.
Read on to find out more and complete the form to access the Market Briefing to find out where the opportunities lie.
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With more properties now being removed from the market due to a withdrawal rather than sale, a significant amount of pent-up demand is building in prime postcodes.
LonRes data shows that of those properties removed from the market since 2014 just 27% have been re-listed. This means there are a significant number of homeowners who, under different circumstances, would have moved home.
Since 2015 properties withdrawn from the market could have generated over £485 million in fee income for agents. Indeed, properties withdrawn in the first 8 months of 2018 alone could have generated a potential fee income of £65 million.
Of course eliminating all withdrawals, even in a strong market, is not a realistic proposition. However, if just 10% of the properties withdrawn since 2015 were to re-enter the sales market and find a buyer they could generate £49 million in fees for prime London agents.
LonRes data shows that of those properties removed from the market since 2014 just 27% have been re-listed. This means there are a significant number of homeowners who, under different circumstances, would have moved home.
Since 2015 properties withdrawn from the market could have generated over £485 million in fee income for agents. Indeed, properties withdrawn in the first 8 months of 2018 alone could have generated a potential fee income of £65 million.
Of course eliminating all withdrawals, even in a strong market, is not a realistic proposition. However, if just 10% of the properties withdrawn since 2015 were to re-enter the sales market and find a buyer they could generate £49 million in fees for prime London agents.
Inside the LonRes Market Briefing
In this briefing, LonRes data and analysis brings you compelling insight on where the opportunities lie for those looking to trade up and why now is the time to do so.