Wednesday, Mar 14, 2007
Eight buyers for every seller in UK property market
Easier: Eight buyers for every seller in UK property market
The current property market is continuing to hit giddy heights with an average of eight buyers for every seller, according to analysis from Hamptons International.
This imbalance in supply and demand is showing no sign of abating as the spring market moves closer, with many sellers holding back from putting their property on the market until a suitable property becomes available.
Posted by david20040_0 @ 11:47 PM (166 views) Add Comment
3 Comments
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1. sovietuk said...
In the present climate "Eight muppets for every seller"
2. Davros said...
As the stock market proves, things can change very quickly. I'm sure they could have released a similar statistic prior to the US housing crash.
Perhaps we could translate 'many sellers holding back from putting their property on the market until a suitable property becomes available' as 'many sellers holding back from putting their property on the market until an affordable property becomes available'. It's not just first time buyers who are finding it difficult to raise the cash to move these days.
3. C'mon Correction said...
Tell that to the estate agents here in South Wales trying to shift new builds that have been on the market for the past 9 months.
AGAIN, a report that uses only the figures it wants to, to drum up market confidence. Sad, sad thing is the general public take these reports as fact. It's fraudulent reporting at the end of the day.