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Compared to the years of the pandemic, when many global property markets were closed for business, transaction activity has come roaring back.
Over half of agents surveyed state that there are increased transactions this year compared to pre-pandemic and nearly three-quarters have seen more transactions this year compared to last.
Source: Savills Research
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Source: Savills Research
When asked why their markets have seen such strong growth, a level of demand that is outstripping supply was the key driver for many markets. Agents also reported that their buyers were interested in properties with a high perceived value, prime location, and amenities – both within the property and in the local community.
How would you describe levels of supply of for-sale properties in your market?
Source: Savills Research