Record numbers of properties have come onto the market over the last three months, according to Britain?s largest association of independent estate agents. New figures from team Association show that property supply increased by 215% in January, marking an end to the traditional Christmas slowdown. The rise in stock meant January was best month for new listings since last September 2006 and agents believe the fresh properties will help address the supply/demand imbalance.
However the number of buyers looking for property still significantly outweighs housing stock, ensuring prices remain high. Experts believe the market could become more balanced over the coming months. ?team estate agents around the country have felt this short fall in supply,? explained Alan Kirkman, director of communications at team.
?However, with HIPs kicking into action over the next few months and now that the slow festive period is over we have already seen a dramatic increase in property supply and are confident this will continue into the spring.?