Seller short­age push­ing up prices

Yorkshire Post - Property - - PROPERTY -

THE short­age of houses for sale is push­ing up prices in York­shire, ac­cord­ing to the lat­est RICS res­i­den­tial mar­ket sur­vey.

Dur­ing Jan­uary, the num­ber of houses for sale in the re­gion hit its low­est point since Fe­bru­ary 2013, de­spite po­ten­tial buy­ers con­tin­u­ing to show in­ter­est.

The num­ber of homes sold per char­tered sur­veyor reached 28 over the last three months. Al­though his­tor­i­cally rel­a­tively low, this rep­re­sents a 75 per cent in­crease on the same time last year. Jonathan Char­ters-Reid, of Char­ters-Reid & As­so­ciates, says: “We’re see­ing a pos­i­tive start to the year. Sales are up, thanks to the greater avail­abil­ity of mort­gages, but there’s a lack of sup­ply com­ing through, which is leading to higher prices.

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