Tuesday, 5 January 2016

UK Experiencing A Crisis In Supply Of Homes For Sale

There are 10 buyers for each property for sale in the UK as the supply of homes on the market has fallen again, reaching crisis level according to estate agents. At the same time sales to first time buyers fell in November even although the number of house hunters increased. After a promising period from July to October in which the number of sales made to first time buyers grew, in November, the percentage of sales made to the group fell by 10%. Sales as a whole were down by 1% and while this is typical of this time of year sales to first time buyers are down dramatically and estate agents believe it will only get worse. Read more on the Property Wire website.

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