The total stock of property for sale in the UK has fallen
to a new post economic crisis low with 45% fewer properties for sale than in
November 2007, according to the latest index report. It also shows that average annual asking price growth in
England and Wales increased further to 7.3%, driven by lack of supply with the
shortage affecting all regions but particularly London, the South East and the
East of England. Consequently, prices in these regions continue to rise at an
alarming rate, well ahead of the national average. Over the last 12 months,
asking prices in London, the East and South East of England have risen by
12.5%, 9.8% and 9.4% respectively. Meanwhile, the number of properties coming
on to the market in the same regions is down by 15%, 13% and 10% respectively.
Read more on the Property Wire website.
Jodi Windvogel’s Life Under Occupation: inside Cissie Gool House and Cape
Town’s housing crisis – in pictures
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Winner of the Marilyn Stafford FotoReportage Award, the South African
documentary photographer and filmmaker focuses her photo essay on daily
life inside...
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