There’s a quiet, surprising frenzy taking over parts of the property market. Demand is high, supply is low and sellers are in control.
An estate agent reported that a buyer, so frantic to beat the competition, put in an offer 10pc over the asking price on a country house immediately after just one viewing while standing on the property’s front lawn.
Analysis by estate agency Hamptons International found that 30pc of properties sold within the past month were subject to a bidding war from three or more buyers – up five percentage points on last year. This demand is supporting