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Number of available properties is decreasing


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I monitor the market for 14 months now and I have noticed following trends:

- number of houses in 5  large cities (population from 80k-600k) located in middlands is decreasing sharply over last few months

- number of flats is increasing in largest city and stays at similar level or increases slightly in other cities

What you think could drive this trend?
Why it started to drop recently and not from April when we had sharp lockdown?
How will this trend change in post-lockdown life?
How post-lockdown situation could affect the prices - will prices go down due to increase of supply or will it drive prices up due to less restrictions and certainty for the future?


image.png.be41029658415600e1ba19e8408762e1.png

Chart shows number of properties listed for sale on Zoopla in 5 large cities in periodic snapshots for last 14 consecutive months.
Dotted lines - flats
Normal lines - houses

Colours identify same city, respectively dotted lines for flats and normal lines for houses.
All of the market, no price ranges. Excluding commercial properties.

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From my perspective its because people suddently lost all the benefits of living in a city when lock down started and looked to move to houses out of town. Theres only so much stock and so they were snapped up quickly. Flats go on the market, but there is less demand and so they sit on zoopla longer, houses are the opposite.

 

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

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