Mortgages

Part-exchange sales increasing in 'tough residential market'

Rozi Jones
|
14th August 2019
House sale sold
"The property market has been tough for some time now, and people are really reluctant to sell."

Spicerhaart Part Exchange has seen sales increase by 46% in H1, which it attributes to falling listings and a "tough residential market".

Acting for a number of builders and developers across the UK, Spicerhaart Part Exchange and Assisted Move provides a range of part-exchange and assisted move services, including its own funded part-exchange proposition.

Its latest figures show that instructions are up by 235 compared to the same period this year, while exchanges have seen an uplift of 29%.

For buyers whose current properties are not eligible for part-exchange - or they do not want to go down this route - the team can offer the assisted move option. In these cases, Spicerhaart Part Exchange and Assisted Move will handle the sale of the home buyer’s existing property with the developer covering the cost of the estate agents’ fees in most cases.

Jan Biggins, national sales manager at Spicerhaart Part Exchange and Assisted Move, said: “The property market has been tough for some time now, and people are really reluctant to sell. This means there are nowhere near as many listings at the moment, which means people are looking to new homes instead if they want to move or make that first step onto the housing ladder.

“This therefore means that demand for part-exchange is at an all-time high, so more and more developers are looking for services like ours so that they are able to offer solutions to buyers.”

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