Lack of sup­ply has pushed up prices

Yorkshire Post - Property - - PROPERTY -

A LACK of stock is boost­ing house prices, ac­cord­ing to Home­track.

Its lat­est report re­veals that prices rose by 0.3 per cent this month, but stock vol­umes and the level of sales agreed were down.

Lon­don house prices rose by 0.7 per cent, while prices fell in just one re­gion, the North-East.

Sup­ply is an is­sue for many agents. It has grown by 13 per cent over the last two months, but by 3.5 per cent over the last six. De­mand has risen by 19 per cent in the last two months, but the rate of in­crease fell this month, and is lower than this time last year.

Richard Don­nell, Home­track’s hous­ing an­a­lyst, says mar­ket sen­ti­ment is im­prov­ing, but added: “The prob­lems of af­ford­abil­ity and de­posit lev­els still re­main se­ri­ous im­ped­i­ments.”

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