Numbers of new sales instructions jump 11% across the UK according to Home.co.uk

Written by Allen Walkey on - Breaking News -

Latest Home.co.uk Asking Price Index report December 2017 released today headlines ‘Sales Supply Jumps as Rental Supply Falls.’

The headline section leads: The number of new sales instructions has jumped by 11% across the UK while the supply of rental properties has fallen by 16% (Nov 2017 vs. Nov 2016).

The report reveals that the London slump continues to weigh heavily on the national annualised growth figure, looking across the regions Home.co.uk continue to observe a complex mix of both improving and deteriorating markets.

Doug Shephard Director at Home.co.uk said: “So is the Private Rented Sector a large enough segment of the market that an exodus from Buy-to-Let could topple the housing market?

” Well, the sector has grown to around 20% of residential property ownership, so it’s certainly significant. Moreover, should the average landlord decide to sell one of every four properties in their portfolio in 2018, there would be 1.4 million more properties for sale. Such a number would clearly swamp the market (there are 0.4 million on sale currently) and cause home prices to crash.

“Of course, this is a vastly ‘overcooked’ scenario but it serves to make a point. Any sort of BTL exit will tip the market to the downside and the UK government should be monitoring the situation very carefully. Why? Because such a risk to the housing market would imperil the banks (again) and the wider national economic interest, especially post-Brexit.” more…..

Read the Home.co.uk Asking Price Index report December 2017 in full click here.

Author: Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

Estate Agent Web Site Design special offer combined with Mailsign Branded emails just £499 for interactive bespoke design.

Full Details of Web design Service 

Share
 

Recent Popular Articles


ASA rules that that two TV advertisements for Purplebricks must not be broadcast again in their current form


ASA ruling on Purplebricks Plc. 18th October 2017, the Advertising Standards Authority (ASA) ruled that two TV advertisements for Purplebricks must not be broadcast  again


Nigel is the best name for quick home sales in Liverpool?


Interesting read from Lilly Edwards who shared an editorial on ClickLiverpool.com website looking at the best names for selling homes in Liverpool. Nigel, Mike or


New tax year new start


The new tax year heralds a new start for many, no more so than this year when  a certain group of people  will for the


Stunning price appreciation in East of England according to Home.co.uk


Home.co.uk released their Asking Price Index yesterday 14th February headlined 'Home Prices and Supply Surge in the East'. In their summary they mention: Whilst the


City Council gives go ahead for consultation on planning guide for the Waterside area


Nottingham City Council took an important step towards its vision for a new neighbourhood along the banks of the River Trent today (Tuesday 16 October