Properties for sale on the increase

February 4, 2015 by Brendan O'Neill

Property Market

Experian, the credit checking agency, has recently revealed that the latter part of 2014 saw the number of properties going on the market for sale leap up by around a third.

More and more home movers are choosing to try and cash in on the increasing house prices. According to the report, the number of buyers did not correlate with the volume of people purchasing, meaning that they could in fact take advantage of it effectively becoming a buyers’ market.

The last quarter of 2014 saw the number of properties available for sale rise from 147,852 in the same quarter of 2013 to 187,905. Experian advised that it had collated the figures using the National Property Database. The latter organisation, in turn, worked closely with property site Rightmove, which uses the information provided by the Land Registry, estate agents and surveyors, and compiled it into the latest report.

It is felt that the rise trend can be attributed to the low-cost fixed rate mortgages that are currently available, along with the recently announced changes to stamp duty.

As a fully accredited mortgage advisor who has undertaken the required CeMAP training, and achieved a pass result in the end exam, you will be the focal point for those looking to acquire a mortgage – whether they are a home mover looking to move into their second home and take advantage of the current increase in prices, or a first time buyer, keen to purchase their first property and maximise the current buyers’ market.