Homes stuck on stag­nant mar­ket

Yorkshire Post - Property - - PROPERTY -

SEVENTY per cent of prop­er­ties put on the mar­ket so far this year are still for sale, ac­cord­ing to Right­move.

The num­ber of un­sold homes per es­tate agency branch stands at 78. For the first time this year, ask­ing prices have been dropped by sell­ers new to the mar­ket.

The num­ber of new sell­ers also fell, down by 12 per cent on this time a year ago, with many own­ers un­able to raise the de­posit to fund their next move.

Right­move di­rec­tor Miles Ship­side says: “Many equity-poor as­pir­ing sell­ers will be trapped in their cur­rent homes. Those that are equity-rich have an op­por­tu­nity to in­crease their chances of suc­cess by launch­ing to the mar­ket at a price be­low their over-priced and stale competition.”

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