Property shortages in best areas drive up prices
A shortage of properties for sale in popular areas is leading to rapid price increases.At £162,038 the average UK house price has now risen for six consecutive months but at the same time there are fewer houses on the market than at any time in the last year and a half.
We’re really encouraged to see prices continuing to rise month-on-month. But the lack of houses for sale is really making the current situation a sellers’ market.
This is particularly true in popular areas. These are often areas with things like sought-after schools, a selection of period properties or good transport links. Here we’re seeing sellers being able to demand even higher prices as the lack of properties for sale increases demand.
This is encouraging news for the housing market. We traditionally see extra activity in the run-up to Christmas and then a lot of movement in the Spring. We’re hoping this increase in demand for houses in popular areas will really help strengthen the market and improve confidence.
Labels: estate agency, estate agent, estate agents, haart, house prices
posted by blogger @ 13:09
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