Complete Clarity Solicitors


UK Sees Rise in Properties for Sale

There has been a 5% increase in the number of properties entering the UK market during the first three months of 2015 compared to the same period of 2014.

The latest figures from Experian’s Property Index show that between January and March, the number of homes that entered the market for sale hit their highest level since Q1 2010, totalling 229,939.

High-end properties valued over £500k have apparently experienced the biggest boom in 2015, with the number of homes coming to the market for sale in this price band increasing by 20.4% year-on-year. Homes priced between £250k and £500k also witnessed a 17.4% increase.

However, while the number of properties entering the market overall has been on the rise, there has been a slight reduction in more affordable properties available. The number of homes for sale between £100k and £250k, and homes valued under £100k, saw decreases of 2.5% and 2.9% respectively.

Looking at the figures on an individual country level, Scotland and Wales saw an actual decrease in the number of properties available on the market. Scotland experienced a 7.2% drop from the Q1 2014 total of 10,097 to the Q1 2015 total of 9,370, while Wales saw a slight decrease of 0.7% from 11,856 properties to 11,774 properties.

However, Scotland apparently saw a notable boost in the number of properties over £500k coming to the market for sale, showing a 31.4% rise from Q1 2014 to Q1 2015, although this represents a relatively small increase in terms of real numbers, from 306 to 402.

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