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In England's Real Estate Market Buyers Outnumber Sellers 4 To 1
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Terraced houses in London, England
In England's real estate market, buyers are outnumbering sellers as low prices and low mortgage rates have increased interest for home ownership. On the supply side, sellers are sitting on their property, reluctant to put it on the market when prices are so low. For more on this see the following article from Property Wire.
There are four house hunters for every property for sale in the UK and there would be even more if the controversial home information packs were scrapped, it is claimed.
Figures from the National Association of Estate Agents show that average estate agent in the UK has 299 property hunters on their books in May and sold an average of 10 properties.
The figures from the NAEA survey of its members back recent claims from analysts that the recent rise in house prices are based on a rise in interest from buyers in a market where homeowners are reluctant to put their home up for sale, leading to demand outstripping supply.
Figures from the National Association of Estate Agents show that average estate agent in the UK has 299 property hunters on their books in May and sold an average of 10 properties.
The figures from the NAEA survey of its members back recent claims from analysts that the recent rise in house prices are based on a rise in interest from buyers in a market where homeowners are reluctant to put their home up for sale, leading to demand outstripping supply.
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