Halifax has reported the number of properties available for sale on the market has reached its lowest level for many years…
There is no denying the UK is in the middle of a housing shortage.
For some time now demand has been outstripping supply. Over the last
five years the coalition government worked to increase the number of
properties available by stimulating new builds and by opening up
brownfield land to developers.
The shortage of homes for sale has pushed house prices increasingly
higher, and in many cases out of the reach of some people. Figures from
the Halifax
showed just how much the shortage of homes on the market has impacted
house prices, as this rose by 8.6 per cent over the year to the end of
May. This pushed the price of the average property up to £196,067.
However, prices did see a slight dip of 0.1 per cent in May compared to
April.
Get more information visit here website link - https://www.adjacentgovernment.co.uk/housing-building-construction-planning-news/number-properties-sale-lowest-years/
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