In simple terms, property prices are based on supply and demand

Discussion in 'Property Market News and Trends' started by Nicholas Wallwork, Feb 17, 2017.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

  2. InvestVince

    InvestVince New Member

    <<The easiest way to monitor the number of buyers is to see how long properties remain on the market. The easiest way to monitor the number of sellers is to monitor the number of properties listed online and in estate agents windows.>>

    There was an article in Manchester Evening News dated 18 Mar 2017 reporting flats selling in an average of nine days this year, 3 weeks faster than 2016. Is this a sign of the continued strong demand of the residential property market in Manchester despite the looming Brexit?
     
  3. kchiggs

    kchiggs Member

    Could be a sign of distressed sellers trying to offload before deadline say for hard brexit.
     
  4. Longterminvestor

    Longterminvestor Active Member

    You also need to take into account relative prices to get a true picture.
     
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