Connells Group sees significant increase in property instructions – London Wallet

Connells Group has recorded its busiest Q2 for instructions in six years as the housing market recovery continues to strengthen.

The form’s latest figures show that new instructions were up 14% in Q2 2024, when compared with the same period last year.

Viewing activity saw an 11% increase vs Q2 2023, while sales agreed rose by 13% year-on-year.

The Group said that although Q2 encompassed two holiday periods and the lead up to the general election, both of which had the potential to disrupt activity, the market performed well.

Ian Fry, Connells group chief executive (estate agency), commented: “The spring market has continued to demonstrate remarkable growth despite external factors, and looking forward Q3 should see continued momentum. The appetite from sellers shows they’ve remained happy to commit to a move.”

Buyer activity also increased in the second quarter. Levels of viewings were up 11% year on year, and sales agreed were up 13% over the same period.

“Healthy activity from buyers has been further encouraged by new instructions. Moving forward, good supply and the anticipation of an interest rate reduction sets a promising tone for the remainder of the year and for the market to hit good overall transaction levels in 2025.” Fry added.