Buyers clamour for Essex property
The estate and lettings agents have sold £80m worth of property across the county in April alone.
There are currently 7,000 buyers on the books looking for Essex property.
Paul Beresford, chairman/managing director of Beresfords, said: “At the moment we are arranging about 3,000 property viewings a month and confidence has definitely returned with Help to Buy and attractive mortgage rates being key factors.
“However the supply of properties coming onto the market has not seen the same level of growth and as a result, competition for property remains high.”
Investment in Essex such as Crossrail and town centre regeneration with ‘blue chip’ retailers such as Waitrose and John Lewis has boosted positive sentiment.
Beresford added: “Properties are being snapped up very quickly so buyers really need to move fast.
“We are also finding that vendors are increasingly favouring discreet marketing when putting their property on the market, so buyers need to be in regular contact with agents and not just search on the property portals.”