Rightmove saw a record number of homes listed for sale on their property portal on Boxing Day and a sharp rise in the number of enquiries sent to estate agents from potential buyers.
Rightmove said more than 10,000 homes were listed on Boxing Day, the single biggest day for new listings since 2011.
“The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action, likely including some movers who had put their plans on hold last year,” said Rightmove’s property expert Tim Bannister.
The data suggests a potential rejuvenation of the UK property market at a time when banks are starting to slash mortgage rates.
“Positivity is clearly resonating on the property market even though Christmas is normally a quiet period for the property sector,” commented Nathan Emerson, CEO at Propertymark.
“Rightly so, sellers are clearly not deterred by the latest inflation figures or interest rates as optimistic signs start to emerge and are demonstrating confidence in the market.”
