The recent Hometrack report has revealed that the lack of stock has kept house prices up. However, the lack of affordability is keeping many new buyers away.
The Hometrack report identified a 0.3% rise in house prices this month, the highest growth for three years. Conversely, stock volumes and the level of sales agreed were down. Also down was the rate of rise in new applicant numbers.
Martin and Co Southampton however, has seen a rise in property supply since joining the sales market in 2012, particularly in the investor to investor sales market. The lettings market remains buoyant with high demand and high yields for landlords on their investment properties.
For more information on buying/selling or renting in Southampton then call us on 02380 988881 for more information.