Demand for UK property has hit an eight-year low and the supply of homes has fallen at its sharpest rate to date, according to UK surveyors.
As well as the prediction of demand for UK property, a survey conducted by the Royal Institution of Chartered Surveyors also predicts that house prices will fall within the next three months.
Demand for UK property hits 8 year high!
Danny Luke, managing director of Quick Move Now, commented:
The survey results from the Royal Institution of Chartered Surveyors offer one of the most significant pieces of research since the results of the EU referendum, and confirm many expert predictions.
As a home buying company we’re being contacted by a significant number of homeowners who have lost their buyer, or who are struggling to sell, because of the drop in confidence in the UK property market.
Many homeowners, or would-be homeowners, are choosing to ‘wait and see’ in the hope that they’ll be able to buy a bargain property when prices drop.
Unfortunately, for people who need to move in the next year – those who need a bigger property due to a growing family, who wish to downsize due to a change in circumstances, or those who are relocating – this means there are very few buyers out there who are confident enough to move forward with a property purchase in the current market.
The average house sale takes around three months from the point of accepting and offer to completion, and with limited demand for properties coming onto the market, the only way to get a guaranteed house sale in the coming months is to sell your home to a genuine, professional cash home buying company.
The UK property market may be lacking in confidence but Quick Move Now are still buying properties and we could still buy yours in as little as seven days.
You’ll have no worries about the sale falling through, no chain to deal with and no fees to pay – leaving you free to move forward with your plans.
For more information about how Quick Move Now could offer you a guaranteed house sale, call their friendly, professional team now on: 0800 068 3366 or fill in the free, no-obligation estimate form.