It found that agents’ confidence levels are up, with 55% feeling ‘very confident’ or ‘somewhat confident’ in the strength of the market during the next year after a three-year consecutive decline in agent confidence, down from 79% in 2016 to 51% in 2018 – from the last market peak to the tangible slowdown that has characterized the market in recent years against a backdrop of protracted political uncertainty.
Agents in the north are registering the highest levels of confidence in market performance for 2020 at 57%, while agents in the south come in at 53% – up from 46% recorded 12 months prior.
Over half of agents (52%) expect to see an increase in the supply of stock coming onto the market over the next 12-18 months – a net increase of 20% since 2017. 45% of agents believe that there will be an increase in the number of property transactions that take place across the year ahead.
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