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What is a Buyers Market?

What is a Buyers Market?

A buyers Market is a property market where there are more Sellers than Buyers.

This gives Buyers an advantage, as there is an oversupply of properties from which to choose.

This market condition means that property Sellers have to price their properties realistically in order to attract buyers. It's good for you if you are a purchaser, as it allows you to find a property that offers you good value - and you won't be in a position where you have to overpay for your property.

But we warned: Buyers Markets come and go...

So, while the market is in your favour, use the opportunity to find a property that meets your needs and is affordable. But move quickly - because you never know when it will change. And in this "Global World" that we live in, change can happen in weeks, not years.