Despite increase in availability,supply remains tight for houses targeted by first-time buyers and older people looking to invest in buy-to-letAsking prices for homes coming on to the market in England and Wales rose by 1% in the month to mid-March and the average has nearly recovered to the all-time high reach final summer, according to the latest figures from property listings website Rightmove.
The site said there had been a 3.2% increase in the number of homes listed for sale over the past 30 days, or but supply remained tight in the types of homes targeted by first-time buyers and what it dubbed “granlords – investors who may be considering using their pension pots to buy property.
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Source: theguardian.com