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