Suitable stock emerges as the major buyer concern

Half of those intending to buy in the next 12 months state that finding a suitable property to buy is their single biggest concern according to Rightmove’s Q2 Consumer House Price Forecast.

This figure has risen consistently from 36% two years ago and 44% a year ago to 50% now. Rightmove has previously reported that fresh property choice coming to market remains subdued at around 35% below 2007 pre-credit-crunch levels. The most active buyer markets tend to be those where the cash-rich wish to live, leading to suitable property shortages and rising prices.



Rightmove director Miles Shipside explains:

“Those looking to buy this year say their biggest concern is finding a suitable property to buy. This is leading a big chunk of those at the sharp-end of the property market to forecast higher prices as the lack of suitable choice will encourage them to pay a bit more to secure the right home when they find it. Those who can proceed will often be competing in the same locations as other deposit-rich buyers which could lead to increased rivalry for the most appealing properties.”

Click here to view the full report.


More articles...

What can you buy in the happiest places to live?

What can you buy in the happiest places to live?

Take a look...

Go to article
This is the happiest place to live in Great Britain

This is the happiest place to live in Great Britain

Find out...

Go to article
Where is the happiest place to live near you?

Where is the happiest place to live near you?

Take a look...

Go to article