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Connells has experienced its busiest second quarter for instructions in six years.
The UK’s largest agency brand has reported a 15% increase in market appraisals during the second quarter of 2024, the best performance for 6 years. This activity led to a 14% rise in new instructions compared to the same period, Connells said.
The group said that although the second quarter encompassed two holiday periods and the lead up to the General Election, both of which had the potential to disrupt activity, the market performed well.
Ian Fry, Connells group chief executive (estate agency), said: “The Spring market has continued to demonstrate remarkable growth despite external factors, and looking forward, quarter three should see continued momentum. The appetite from sellers shows they’ve remained happy to commit to a move.”
Buyer activity also increased in the second quarter, with viewing levels up 11% year-on-year and sales agreed were up 13% over the same period.
Fry added: “Healthy activity from buyers has been further encouraged by new instructions. Moving forward, good supply and the anticipation of an interest rate reduction sets a promising tone for the remainder of the year and for the market to hit good overall transaction levels in 2025.”
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