25 Apr

Lack of three bed homes

Lack of three bed homes

A shortage of three bedroom semi-detached homes across the UK that could drive up prices.

According to research from Move with Us, 57 per cent of estate agents are seeing a lack of semi-detached homes and 49 per cent reported a decline in the number of houses offering three bedrooms.

It was also revealed the average selling time for a three bedroom semi-detached property in Britain is 71 days - 55 days faster than the national average selling time for all properties.

The government's Help to Buy scheme could be behind the demand as more first time buyers opt to purchase three beds rather than the more traditional first time buyer properties.

Robin King, director at Move with Us, explained: "They're skipping the first rung of the property ladder, forgoing the starter home and moving straight into a property that they can grow into.

"There are also those second steppers that until recently were stuck in starter homes due to the drop in equity the financial crisis caused."ADNFCR-1222-ID-801715096-ADNFCR

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