Close to 70% of all properties listed for sale in the first quarter of this year have sold, new figures show.
The latest research from TwentyCi reveals Q1 2023 saw 269,000 residential sales and nearly 70% of all properties listed in Q1 have sold so far in 2023. New Instructions are down on the quarter, but this disguises a significant injection of new supply into the market in March.
Sales agreed and exchanges are also lower, but based on March activity, the property market could be on an upward trend. Fall throughs, price changes and withdrawals have all increased, but remain remarkably low considering the unprecedented coincidence of economic and geo-political shocks.
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.