Take one step to al­le­vi­ate prop­erty grid­lock, urges agency

Harefield Gazette - - PROPERTY -

THE num­ber of peo­ple mov­ing home has fallen for the first time since 2011.

Less move­ment on the prop­erty lad­der means there are fewer prop­er­ties avail­able.With de­mand out­strip­ping sup­ply, prices are likely to con­tinue to rise, caus­ing fur­ther prob­lems around af­ford­abil­ity.

Last week, a re­port pub­lished by the Cen­tre for Eco­nomics and Busi­ness Re­search pre­dicted that by 2021, UK house prices will have risen by over £50,000 largely due to the lack of sup­ply.

A poll un­der­taken by Ro­mans re­vealed that 50% of movers don’t plan to put their own home on the mar­ket un­til they have seen another they would like to buy or feel con­fi­dent that their search re­veals there are lots of pos­si­bil­i­ties.

Un­less we see a change in home­owner be­hav­iour and an in­crease in the num­ber of prop­er­ties com­ing to mar­ket, the laws of sup­ply and de­mand sug­gest that prop­erty prices will con­tinue to rise.

Antony Gib­son, di­rec­tor at Ro­mans, of­fers a so­lu­tion to the grid­lock: “Our per­sonal ex­pe­ri­ence has shown us how, by sim­ply list­ing their home for sale whilst look­ing for a new one, those want­ing to move can al­le­vi­ate the grid­lock in their area and speed the process up for them­selves and the oth­ers in the prop­erty chain.

“Through our branch net­work of 28 of­fices, we’ve been able to cre­ate en­tire prop­erty chains sim­ply be­cause all par­ties want­ing to move, listed their cur­rent prop­erty for sale whilst search­ing for their next home.”

If you are se­ri­ous about mov­ing, put your prop­erty on the mar­ket when you start search­ing for your new home.

For a free, no-obli­ga­tion prop­erty val­u­a­tion, please give Ro­mans a call on 01344 985 666 or visit www.ro­mans.co.uk/free­val­u­a­tion.

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