Seller shortage pushing up prices
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.