While the lack of affordable housing is almost a daily topic in the news at the moment, it is not just at the bottom rung of the property ladder that there is a shortage of stock.
While August is a busy month for those moving house, those thinking of moving tend not to list their houses over the summer months. This could be great news to those who are looking to sell however, a shortage of properties coming on the market puts sellers in a great position to push for their top prices.
This is however, a common trend and it will be interesting to see if the number of new listings recovers in September, this will be the real gauge of how the property market is performing.
Here at Hedges, our conveyancing solicitors work closely with many local agents to ensure that each instruction that we receive is looked after by a dedicated member of the team who keeps both the client and agent up to date to ensure that once our clients make a successful offer the process is as quick and painless for all involved.
We do not offer referral fees to these agents so you can rest assured that any recommendation you get from an agent is genuine.
Call for a quote today on 01865 594265 / 01491 839839
The scarcity of properties on the market is intensifying with the number put up for sale in the UK dropping by a fifth since June, with London suffering the biggest supply drought, says new research.
New property listings across Britain fell by nearly 20 per cent in the past three months, but in the capital they plunged by a quarter, according to online estate agent HouseSimple.
While the summer months are usually quiet for the housing market as people are more likely to go on holiday than put their home up for sale, the property shortage problem has been highlighted by several other studies in recent months.