Properties for sale rise by 17%
The number of properties up for sale in the UK risen by over 17% in the last month, this has had the obvious result that the rise in prices has stalled. The sellers market which saw mortgave approvals fall has now turned into a buyers market.
There were over 100,000 propeties up for sale during the last month which is the highest for around 18 months. The pre slump value was around 130,000. The main feature of the recovery has been the low number of sales making the market extremely volatile, now hopefully we will see a more stable recovery powered by a healthier market with increased confidence.
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