Property supply is now starting to increase across the UK
January 28, 2019
A recent article released on the Mortgage Strategy website reports on the fact that property supply is now at the highest level in four years. The final month of 2018 say an increase of 20% with each agency having a portfolio increase of 7 property on average from 35 up to 42.
The report also highlights that registered buyers are up along with first time buyers though the important part is the sales and this continues to fall on average per branch.
Prices starting to fall, sales down and property supply up is not the greatest combination and will likely continue the current negative news for the UK property industry and price falls across the country.
You May Also Enjoy
A Guide To Moving To The UK
Are you considering moving to the UK, perhaps you are relocating for work or returning after some time as an expat elsewhere. Whatever the reason, to help you begin your journey smoothly, we have compiled all the relevant information on how to relocate to the UK. This guide to moving to the UK will cover…
Read More 
Breaking Property News – 30/04/24
Daily bite-sized proptech and property news in partnership with Proptech-X. Will Yardi’s multi-million gamble on WeWork the former £37Bn Unicorn pay off? The word is that Adam Neumann the enfante terrible and former co-founder is unlikely to be the new owner of WeWork as it emerges out of the gloom of its present bankrupt…
Read More 
Rightmove rental tracker: 50,000 rental properties needed to bring supply back to pre-pandemic levels
Average advertised rents outside of London rise to a new record of £1,291 per calendar month (pcm), though the pace of rent growth continues to slow, with average rents now 8.5% higher than last year London rents reach a new record by two pounds, rising to £2,633 per calendar month. Average advertised rents in the…
Read More 
Half of Renters Don’t Know Where to Turn When Something Goes Wrong
Results come as TDS Charitable Foundation develops new service to support tenants to uphold their rights. HALF of all private renters would not know where to turn to if a landlord or letting agent failed to address a problem in a property. That’s according to interim results from a new representative survey of over 2,000…
Read More 
Liverpool’s Real Estate Market: What You Need to Know
Liverpool’s real estate sector presents a dynamic environment for investors, homebuyers, and tenants alike. As the city continues to expand and develop, understanding the nuances of this market is crucial for anyone looking to engage with property in the area. This article provides a comprehensive look at the current trends, investment opportunities, and potential challenges…
Read More 
Identifying Common Structural Issues in Balconies
Living in a city like Sydney, where a breathtaking view of the cityscape and ocean can be the crowning jewel of your property, it’s no surprise that balconies are key features sought after by homeowners. However, over time, these aesthetically pleasing elements can become a structural nightmare due to a range of issues that compromise…
Read More