Figures from estate agents show an average of a 10% rise in the number of housing stock on their books which is the largest rise for three years.
This is believed to be in part caused by people rushing to avoid the introduction of the home seller information packs. These pack were originally scheduled to come into force on 1st June, but have now been postponed and will be phased in starting on 1st of August with only four bedroom houses or over requiring them until the end of the year.
The rise in the number of properties on the market has also helped to keep a lid on house price inflation, with the increases in prices nationally up by just 0.8%. This is good news for buyers as there is a larger than normal selection of properties for sale, but may not be as good for sellers as they may need to take a cut in price to shift their property.
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