Very tough market. Generally less than half of properties on the market are actually selling. In some areas as much a 90% of properties on the market are not selling. So naturally the portion of properties that do sell tend to be those that are dropping their prices to make sure their the most competitve properties available.
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I had over 35 applications for a 3/bed house , landlords are selling up and I’m seeing it everyday, there is a massive shortage of houses for families to live in, and it’s only going to get worse, the new rules are the problem, there is going to be thousands of homeless people very soon,
I completely agree. If the government increased production of new homes, solved that. Then moved onto making life harder the the supply of rental properties. Then that may have worked. But to smash landlords, that smash the supply of buy-to-let properties. In the middle of a housing crisis. Is just madness.
Agreed. I think at the moment much of the market has slowed a little due to the concerns of the upcoming budget. But in reality, the underlying property market is still pretty strong and interest rates are edging downwards.