š” What the Latest Construction News Means for You as a Homeowner - Thinking of Selling
Recent reports show that the UK construction sector has just seen its fastest slowdown since the pandemic. While this might sound like bad news generally, it actually creates a more favourable market for anyone selling an existing (second-hand) home. Hereās what you need to know:
š 1. Fewer New Builds Means Less Competition for Your Home
Housebuilding has dropped sharply, with fewer developments starting and many projects being delayed. That means:
- Buyers have fewer new-build options
- Existing homes like yours become the main source of supply
- Your home stands out more compared to normal market conditions
- This shift often leads to stronger demand for resale properties.
š 2. Reduced Supply Helps Support Prices
The government has set ambitious construction targets, but the industry simply isnāt building enough homes. This creates a long-term shortage of properties, which supports value in the second-hand market.
For you, this means:
- Prices for existing homes may stay more stable
- Buyer interest can be stronger than expected, even in uncertain times
- A well-presented property is likely to attract serious attention
š 3. Buyers Prefer Homes That Are Ready to Move Into
With construction activity slowing and delays becoming more common, many buyers are turning away from new-builds.
Instead, they want homes that offer:
- Immediate availability
- Certainty on timelines
- No risk of construction delays
- Established locations with services already in place
That gives resale homes a major advantage right now.
š¤ļø 4. The Market Is Quiet Now ā but Poised for a Bounce
Budget uncertainty caused some buyers to press pauseābut now that it's passed, analysts expect activity to pick up again.
That creates a sweet spot for sellers:
- Less competition today
- More buyers re-entering the market soon
- A likely lift in viewings heading into early 2025
- Selling during a rebounding market often means better results.
š¬ 5. Why Now Could Be a Smart Time to Move
With fewer new homes being built, stable demand, and buyers actively seeking ready-to-move properties, conditions are more favourable than headlines might suggest.
If you've been considering selling, now is one of the most strategic times to explore your options.
š Thinking of Selling?
We can provide a free, no-obligation valuation and a personalised market assessment based on:
- Recent demand in your area
- Buyer trends
- Comparable sales
- Your propertyās unique features
This can help you understand your positionāeven if you're not planning to move immediately.
