Jul 20, 2015

Is the housing bubble getting ready to pop?

Earlier last week we asked our readers whether or not they think that the housing bubble is getting ready to pop. To little surprise, 69% of them think that it is.

At the moment, the housing market is still bubbling with a  5.7% average price rise in the year up to May and asking prices surging 3% in just one month after the uncertainty around the election had ended.

There is definitely no shortage in demand, which is great news for Estate Agents, the problem, however, lies with an imbalance between supply and demand in more and more areas of the country.

Whilst the market may have a while to go before the bubble bursts, it is inevitable that without the supply of houses it is going to happen. The lack of new properties coming on to the market, as addressed in Agents without houses, is not the only concern. The lack of existing properties coming on to the market adds even more pressure on to Estate Agents in an industry where competition is already so fierce.

Back

Share this article

Sign Up For Free!

If you are an estate agent looking to grow your business, gain more valuations, or keep up to date with the property sector, enter your email address below to sign up for our regular updates.

Related Posts

Rightmove or wrong move?
Aug 9, 2016

The profile section on the property portals is very beneficial for estate agents, providing potential buyers and renters with your main information […]

Read more

Contact

Manchester Office

26 Dale Street, Manchester, M1 1FY

Find on Google Maps

London Office

326 City Road, London, EC1V 2PT

Find on Google Maps

Get in touch

+44(0)161 672 7824

enquiries@propertystream.co

Social

Enquiry form

Property Stream Ltd © 2018 | Part of 22 Group - Member of The Pride

Privacy policy