We appreciate selling your home is a significant decision, and at a time when many buyers face unprecedented challenges in the market, it's vital to understand what matters to potential buyers.
At Coakley & Theaker, we've been serving the Bury St Edmunds community for many years, helping property owners achieve the best possible outcome when selling their homes. Our experience has taught us that understanding current market dynamics and buyer behaviour is crucial for successful property sales.
Recent research has shed light on the significant sacrifices potential buyers are making to step onto the property ladder, and this information is valuable for sellers to understand their target market.
A comprehensive new study from Share to Buy, involving over 2,200 respondents, has revealed some striking insights into today's property market that every seller should be aware of:
* An overwhelming 88% of potential buyers are prioritising saving for a house deposit over their pension contributions. This isn't just affecting younger buyers - the largest group of respondents were aged 36-45 (27%), followed by those aged 46-54 (23%), showing how property ownership remains a priority even as people approach retirement age.
* The financial reality for many buyers is challenging - 52% have savings of £10,000 or less, while the average deposit required for open market properties currently stands at £53,414. More specifically, 31% have less than £5,000 saved, and 21% have £10,000 or less.
* The majority of buyers (77%) are not receiving financial support from family members for their deposit, indicating that most are relying entirely on their own resources to fund their purchase.
* Single buyers represent a significant portion of the market, with 57% looking to purchase alone. However, 65% of these potential buyers feel that single person homeownership is currently unachievable in the open market.
For property owners in Bury St Edmunds, this data highlights the importance of realistic pricing and presentation strategies. Understanding the financial constraints facing potential buyers can help inform decisions about property improvements, pricing strategies, and marketing approaches.
As your local property experts, we can help you navigate these market conditions and position your property effectively to attract serious buyers. We understand both sides of the market and can provide informed guidance on how to achieve the best possible outcome for your property sale.
If you're considering selling your property in Bury St Edmunds or the surrounding areas, we're here to provide expert advice tailored to current market conditions. Our team can help you understand how these market dynamics might affect your property sale and guide you through the entire process.
At Coakley & Theaker, we’re more than just estate agents – we’re your local property partners. With a wealth of experience and a passion for helping people find their ideal homes, we’re committed to delivering exceptional service every step of the way.
If you’re considering a move to Bury St Edmunds in 2025 or want expert advice on the local property market, contact us today. Call 01284 769691, or get in touch via our social media profiles to discuss your options.
Let Coakley & Theaker help you discover the perfect home in Bury St Edmunds – Suffolk’s jewel.
Bury St Edmunds, Suffolk 01284 769691 or 01359 256821 or 01449 737706 or 07803 138123
Email: [email protected] or [email protected]
© 2016 Coakley & Theaker. All rights reserved. / Estate agent websites powered and hosted by 
