Further Fall In Housing Stock As Demand Also Falls For The Eleventh Month

Continuing a prevalent trend; new buyer enquiries, new instructions and newly-agreed sales continued to drift lower in February. New buyer enquiries fell for an eleventh successive month with 16% more respondents seeing a fall rather than rise in enquiries. Meanwhile, the number of agreed sales also remains slightly negative (net balance -17%), similar to figures seen over the last six months. There continue to be significant regional variation in the results however, and new buyer enquiries continued to increase (taking a three-month average) in Scotland, Northern Ireland and Yorkshire and Humberside in February. Read more on the RICS website.

http://www.rics.org/uk/news/news-insight/press-releases/further-fall-in-housing-stock-as-demand-also-falls-for-eleventh-month/