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Are you noticing more For Sale boards rather than Sold boards in your area?

R

Ricky Bhurji

Member
Premium Member
I've noticed a few more, especially in the last month.

This could be due to a few reasons:

- Investors on the sidelines watching what happens due to uncertainty due to tax changes in 2016/2017.
- Wages not keeping up with property prices meaning they are more unaffordable for first time buyers.
- Supply of stock increasing as perhaps some investors 'cash out' due to the uncertainty ahead.
- Worries about a global slowdown (China in particular and Europe still giving sluggish growth, and oil price collapse)

I believe these to be the main reasons - anybody with more reasons I'd love to hear your opinions.

Ricky .
 
Nicholas Wallwork

Nicholas Wallwork

Editor-in-Chief
Staff member
Premium Member
I think it's likely to be investors cashing out at what they perceive as a good point in the market (quite high)... More potential people buying before the stamp duty changes come in and thus demand is high so a good time to also cash out and get a higher quick sale...
 
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