Take one step to alleviate property gridlock, urges agency
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.