The UK housing market appears to be hitting crunch time yet again. Although planning permission for 240,000 new homes was granted in 2014, the number of completed builds has fallen far short of that in recent years. The Property Shortage is Increasing According to the National Association of Estate Agents, “the situation has reached crisis point,” with first time buyers again losing out in a competitive market. Areas like West Sussex seem to bear this out, where 11 prospective buyers are chasing each property for sale in Chichester, attracting an average of 7.5 viewers per sale. There is obviously a big shortage of available properties, an average of just 38 properties are registered for sale with estate agents nationwide. The property shortage has been compounded by an increasing confidence in the UK economy, tempting more first time buyers, and people wishing to change properties.
http://bit.ly/1OWFR6J
No comments:
Post a Comment