Numbers of new sales instructions jump 11% across the UK according to

Written by Allen Walkey on - Breaking News -

Latest 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 continue to observe a complex mix of both improving and deteriorating markets.

Doug Shephard Director at 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 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.


Recent Popular Articles

Deciding what to believe as the referendum approaches.

The in's and out's have now  begun their campaigns in earnest  leading up to the referendum in June,  hopefully  the multitudes of questions that voters

NAEA Conference

When you here Aintree Racecourse you should immediately think of the Grand National, the famous steeplechase held there each year in April, well today The

Properties having prices reduced whilst on the market at highest level for 6 years according to

Latest Asking Price Index report- July 2018 headlines 'Price Cutting Nears 6-Year High'. The report reveals that home prices are basically static overall, rising

Consumer experience study of buying and selling homes in England and Wales

Research and Analysis from Department for Business, Energy & Industrial Strategy published 22nd October titled 'Buying and selling homes: consumer experience study.' A study on

Rise in remortgage applications

Remortgage applications are on the increase that is according to the most recent figures from the Mortgage Advice Bureau (MAB), many homeowners who bought properties