‘Acute’ Shortage Of UK Homes Expected To Run Until 2022

There is an “acute” shortage of homes available for sale, Zoopla said, with the market facing its greatest shortage since the property listing portal’s records began in 2015. This comes as the average price of a house went up by 7.6% over the last 12 months. Buyer demand remains strong, up 20.5% in July compared to the 2020 average. Stock levels are down 26.4% compared to last year's average, and down even more (33%) compared “with the more normal” pre-pandemic markets of 2018 and 2019, Zoopla said. Read more on Yahoo Finance.

https://uk.finance.yahoo.com/news/acute-shortage-of-uk-homes-expected-to-run-until-2022-230141094.html