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eMoov Says Demand for Property Across the UK up 3% in Q2

According to eMoov’s latest National Hotspot Index, demand for property in 2016’s Q2 was up by 3% across the UK.

According to eMoov’s latest National Hotspot Index, demand for property in 2016’s Q2 was up by 3% across the UK.

Hybrid estate agency, eMoov.co.uk, monitors demand for property across the UK and gathers its findings in its National Hotspots Index publish every quarter.


For 2016’s Q2, it found that demand for property in the UK had increased by +3% since the first quarter and now stands at an overall 40%.


Nonetheless, the report signals that demand for property in London as a whole is cooling with figures showing a drop of -2% to 39%.


Despite demand cooling in London, 5 boroughs saw a positive increase in property demand levels since 2016’s Q1. Among these, Kingston Upon Thames (+59%) and Southwark (+47%) recorded the first and second highest increases in demand since Q1 across the whole of the UK.


Furthermore, the London borough of Bexley was crowned the title of hottest property spot with a +71% demand – although this figure is 1 percentage points less than 2016’s Q1.


Outside of London, the city with the highest demand for property was found to be Bristol at +69%, 1 percentage point higher than 2016’s Q1, followed by Bedford at +67%.


The West Midlands saw Northampton (+64%) and Coventry (+58%) jump at the top 10 for 2016’s second quarter, unlike Q1.


In the North East, interest for housing has resurged with Stockton-on-Tees (+47%), North Tyneside (+46%), Gateshead (+42%) and Durham (+37%) seeing substantial increases in demand from the first quarter of the year.


Similarly, the North West regions of Trafford (+45%) and Calerdale (+38%) also showed substantial increase in demand.


Founder and CEO of eMoov.co.uk Russell Quirk commenting on the figures from the report in correlation to the EU referendum, said:


"There has been a lot of talk about the consequence of this vote on the UK property market with many forecasting a detrimental impact on house prices. We don't believe this to be the case and I'm certain that come Q3, our index will show a further increase in property demand across the nation."

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