Near record low num­bers of homes on agents’ books

The Daily Telegraph - Business - - Business - By He­len Chan­dler-Wilde

THE num­ber of prop­er­ties on es­tate agents’ books was near record lows in Septem­ber, sig­nalling that the hous­ing mar­ket is slow­ing fur­ther as peo­ple are less keen to put their homes up for sale.

The fig­ures, from a sur­vey of the prop­erty mar­ket by RICS, also found that prices have stayed static na­tion­ally. Es­tate agents now ex­pect fewer houses to be sold in the next 12 months as in­ter­est from new buy­ers fell in Septem­ber. This is the sec­ond con­sec­u­tive month of drops. North­ern Ire­land and Wales were the only ar­eas with ris­ing sales vol­umes in Septem­ber, with each re­gion hav­ing only mod­est in­creases.

Es­tate agents in North­ern Ire­land are the most op­ti­mistic about fu­ture prospects, while those in the South East are the most pes­simistic.

De­mand from new buy­ers had been rel­a­tively flat over the four months be­fore, which may point to­wards a new drop in the hous­ing mar­ket.

Sev­eral re­spon­dents to the sur­vey said that the usual busy au­tumn pe­riod of house sales af­ter the sum­mer hol­i­days had failed to ma­te­ri­alise this year.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.