UK property shortage continues

UK property shortage

According to new figures released today, there is no let-up in the UK property shortage, with 47% fewer properties currently on the market than in December 2007.

The figures, published by Home.co.uk, suggest that there has been a significant year-on-year drop as well, with approximately 12,000 fewer properties being placed on the market last month than in November last year – a drop of 15%.

The East of England, where there are currently 74% fewer properties on the market than during the property peak of 2007, is the region worst affected by the shortage.

So what does all this mean for those wishing to move house?

Danny Luke, Managing Director of Quick Move Now explains:

In short, it’s a mixed deal. Your property should, as long as it’s presented well and priced right, receive more attention than at the height of the last property boom, but it also means there’ll be significantly more competition for the property you want to buy – especially if it’s particularly desirable or competitively priced.

With the average time on market for England and Wales currently standing at 104 days, and around one in five sales falling through before completion, you’re most at risk if you’ve got a property to sell in order to make your onward purchase.

Many people now consider selling their existing property and moving to rental accommodation in order to make themselves ‘chain-free buyers‘ when making their onward purchase; making them more desirable buyers and strengthening their ability to negotiate on price, but this can get costly and complicated – especially if you have a young family or want to transfer your existing mortgage to avoid having to pay any early repayment penalties.

This is where a cash home buyer like Quick Move Now can really help. We’re able to offer our customers a guaranteed cash purchase – effectively making you chain-free buyers for your onward purchase – and can time the sale to fit in with when your new property is ready to move into.

There’s no need to move to rental accommodation in an attempt to make yourself chain-free, and you have no worries about the sale of your existing property falling through and jeopardising your onward move.

If you’ve found your next home and want to secure a quick, guaranteed sale of your existing property, call Quick Move Now’s friendly professional team now on 0800 068 3366 for a free, no-obligation cash offer.

This content was written by Quick Move Now
Published on 14th December 2015
Last updated on 6th August 2018

Get an instant free estimate

We have £6,354,923 instantly available right now to buy your house

  • Property Details
    1
  • Contact Details
    2
  • Your Quote
    3
  • 1 Property Details
  • 2 Contact Details
  • 3 Your Quote

No risk free quote

  • Guaranteed sale
  • Become chain free
  • No fees
   Yes
No 
  • Please select yes to agree to our terms of data collection to proceed.

Terms of data collection

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Curabitur eget consequat lectus. Suspendisse vitae vestibulum mi. Suspendisse maximus mauris vel nunc sodales dapibus. Etiam ornare neque non purus ullamcorper, sit amet elementum libero laoreet. In quis sodales ex. Curabitur ultricies ex et leo euismod dapibus. Nam vel sem finibus, semper purus sed, vestibulum ligula. Interdum et malesuada fames ac ante ipsum primis in faucibus. Duis ut elementum quam, a cursus diam. Nunc urna felis, consectetur ut fringilla eleifend, blandit id odio. Sed mattis leo non metus suscipit tristique. Fusce lacinia erat ac dolor rhoncus blandit. Maecenas lobortis commodo libero, non semper nunc vestibulum eu. Morbi eu interdum libero. Fusce rhoncus faucibus est vel blandit. Donec eget erat vitae neque scelerisque aliquet id ac metus.

Donec non dui vitae elit feugiat rhoncus eget in elit. Mauris pharetra sem enim, gravida auctor dui aliquet a. Donec mollis dignissim risus eget pharetra. Nullam condimentum massa nulla. Etiam id sollicitudin libero. Nunc ligula ante, cursus eu euismod nec, congue eu neque. Nullam suscipit ante ipsum, nec vulputate justo semper eget. Pellentesque sit amet orci ac urna sollicitudin cursus sed vitae leo.

Curabitur lorem tortor, consequat nec elementum eu, convallis a velit. Ut ac consequat orci. Morbi id vestibulum leo. Praesent pellentesque efficitur quam eu scelerisque. Duis pulvinar molestie maximus. Phasellus a mattis enim. Vestibulum ullamcorper, odio vel lacinia mattis, dui orci volutpat massa, sit amet ornare felis ipsum at ligula. Duis pretium in nisi id hendrerit. Nunc ornare nunc et dolor vehicula, sit amet congue nisl viverra.

Back to property details

Your free, no obligation estimate request has been successfully submitted.


One of our property experts will be in touch shortly to discuss your requirements in more detail.


Call us on

0800 068 3366

or we will call you

We Are Regulated By

Property Ombudsman Logo National Association Property Buyers Logo Chartered Trading Standards Institute Logo British Property Federation Logo

Address

Quick Move Now
Interface Business Park,
Floor One, Unit 15,
Royal Wootton Bassett,
Swindon
SN4 8SY

Get your cash offer now

CASH COULD BE IN YOUR ACCOUNT IN
10 Days
|
2 Hours
|
39 Minutes

You're currently offline