Good news for anyone looking to buy or sell a home – the property market is heating up!

Demand for homes is soaring. Property experts Propertymark have revealed that more buyers are flooding back to the market, eager to snap up properties.

Their latest report shows the average estate agent branch saw a 4% jump in eager house hunters registering their interest in July compared to June. This means an average of 71 potential buyers were pounding the pavements at each branch last month, all hoping to find their dream home.

And it’s not just window shopping! The number of actual sales agreed also jumped by a healthy 5% in July. This boost in sales suggests that while interest rates may be putting some buyers off, the desire for a new home is proving stronger.

Propertymark, the voice of estate agents across the UK, remains optimistic about the future of the housing market. They believe the market is in a much stronger position than it was a year ago and predict further growth before the year ends.

Nathan Emerson, Propertymark’s CEO, explained: “Although underlying demand remains strong, there continues to be a gap between buyer and seller expectations.”

However, this positive news doesn’t mean smooth sailing for everyone. With the recent change in government and whispers of a potential interest rate cut in August, there’s still a lot of uncertainty in the air.

Propertymark is calling on the new government to step in and tackle the issues facing both buyers and sellers in the months ahead.