House sales set to hit record high in April: NAPB

As Rightmove report a huge year-on-year rise in the number of houses being put up for sale, the National Association of Property Buyers believes April is set to be the busiest period “for decades” as prices continue to soar - especially outside London.

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Property Reporter
29th March 2022
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According to data analysed by the NAPB, 116,386 properties were listed for sale on Rightmove in February.

This is up from 85,416 last February - an increase of almost 40%.

Last April 144,737 properties were listed but Jonathan Rolande, the founder of the NAPB, said he expected this year to surpass this figure.

Jonathan said: “All the data indicates that next month is going to see a real boom in sales and transactions. I predict we could see record numbers of houses being put for sale as people try to benefit from the continued increase in house prices. It could be the busiest April in decades.

“It's worth noting that prices are actually increasing at a much faster rate in places outside of London. So new hotspots for property are showing up and there are still great deals out there which is encouraging people to go for it.”

Jonathan explains that there were many reasons why April, traditionally, has always been the most popular month to try and move.

He said: “Thanks to the long, drawn-out buying process, April is pretty much the last month parents can move in time to start a child at a new school in September. In January there is under 8 hours of daylight – by mid-April, that's up to nearly 12 hours. That's more time to get out viewing. Two Bank Holidays at Easter give people the head-space to think about a move.

"As any estate agent will tell you, homes just look nicer in the spring sunlight.

“But this year the fear of increasing interest rates is resulting in buyers rushing to nab a cheap fixed rate.”

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