Supply problems continue to plague market

The imbalance between supply and demand continues to have a market impact on the market with 38% less properties available than in December 2007.

The latest Asking Price Index from www.home.co.uk raises concerns about what continued levels of high demand and low supply will mean for the market in the coming months.

Lack of supply has caused the usual seasonal affect to be lessened with prices dipping just 0.1% in November compared to the usual 0.6%.

In London the usual effect was completely absent with prices increasing 0.8% from October to November.

The supply crisis is frustrating an increasing number of potential buyers and the imbalance shows no signs of rebalancing soon.

With demand set to increase even further in early 2014 average prices look set to increase still further.

Today's Conveyancer