28 Jan

UK housing supply ‘must increase in 2014’

UK housing supply ‘must increase in 2014’

The supply of UK housing must increase in 2014 to match the rising demand of buyers in the county, according to Sequence.

Estate agents will no doubt be happy with the steady recovery of the property market, however, Sequence believe that more needs to be done to meet demand, with as many as six buyer registrations being recorded for each new property in 2013.

With purchase levels expected to grow throughout 2014, experts are warning that more viable housing stock will be needed to pacify buying demand.

Group chief executive, David Plumtree said: “We had a very successful year in 2013 with greater opportunities for buyers resulting in a 24% annual rise in property sales across our national network when compared to the previous year.

“In 2014 we hope to see seller confidence taking significant strides forward in order to catch up with buyer demand. With so many buyers competing for each property, now is a great time to sell.”

One reason for this influx of buyers is believed to be the success of the government’s Help to Buy scheme, which allows those looking to purchase a home to do so with just a five per cent deposit.ADNFCR-1222-ID-801686713-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.