Good News For Buyers And Renters: Rise In Available London Properties
National Association of Estate Agents (NAEA) has stated that the average number of available properties in London is up by 11%, and this number continues to rise with each month.
As reported on Net-Lettings.co.uk:
“…Mark Hayward, NAEA managing director, said: ‘The lack of housing supply has been a significant issue over the last few months, so the sign of increasing stock is positive for the market and house buyers in search of their ideal home.’...”
Currently, the market shows the highest number of available properties since November last year. This is good news for those looking to buy, but also those looking to rent. The increase in available London properties is set to ease the extremely competitive London rental market for potential home-renters. The number of house-hunters in London registered with agencies also appears to be declining, making for a less competitive renters’ market.