February 2015

[hpi-table this_month=”Feb” this_months_change=”+2.1″ this_month_yearly_change=”+6.6″ this_month_ave_price=”279,004″ last_month=”Jan” last_months_change=”+1.4″ last_month_yearly_change=”+8.2″ last_month_ave_price=”273,275″]

Decades of inadequate provision of homes to satisfy demand are having an increasing effect, with a tight-stock market resulting in a shortage of quality property to trade up to:

Average price of property coming to market up by over £5,000 this month (+£5,729/+2.1%), with all regions reporting uplifts

Increase in demand for property continues with busiest ever January site traffic on Rightmove

31% increase in housing transactions in last two years in England and Wales, outstripping 11% rise in number of properties coming to market in same period

Some agents reporting lowest ever stock of quality property for sale, as lower owner-occupation, buy-to-let investors not selling, and owners’ reluctance to ‘sell before you find’ contribute to a 4% fall in new seller numbers compared to same period in 2014

Different tactics required for a successful move in a tight-stock market