Home Information Packs - Restricting House Sale Numbers?
Rightmove says there was a 41% slump in the number of 4 bed houses for sale during August, when Hips started.It says the knock-on effect was to push down the average asking price for all properties by 2.6% or £6,298.
Miles Shipside of Rightmove said: "Whilst there was a surge of 'four-bedders' coming on to the market for just one week at the end of July, there has been a much greater dearth of them in the four weeks since."
Rightmove said that until August, there were 40,000 houses with four bedrooms or more coming on the market each month.
The corresponding figure for August, however, was just 23,400, while in the first week of September there were only 4,159 such properties on offer, compared to a normal weekly average of about 10,000.
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