The housing market in the west of England is showing signs of a revival, according to one of the region’s leading estate agents.
Figures announced by Besley Hill reveal that sales at their 15 offices throughout Bristol and Gloucestershire are up by 20% compared with a year ago.
New buyer registrations have increased by 16% during the same period, with viewings rising by 12% and contract exchanges by 20%. The firm’s “pipeline” is 23% higher than a year ago.
“Our year-on-year performance points to a definite revival in the housing market in the west of England,” said Besley Hill managing director Adam Offer.
“The feedback from the branches is that the market is picking up and all indications are that we can look forward to a better year ahead.”
Mr Offer said that instructions at Besley Hill’s branches were down “just 5%” and viewings up 12%, reflecting the fact that “we need more homes to sell to waiting buyers”.
Other statistics include 20% more legal services referrals than 12 months ago due to clients taking advantage of benefits resulting from the group’s “buying power”.
Besley Hill’s offices are situated at Bedminster, Bishopston, Bishopsworth, Downend, Dursley, Easton, Fishponds, Kingswood, Knowle, Longwell Green, Stroud, Thornbury, Whitchurch Village and Wotton-under-Edge.
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