THE NUMBER of new sellers advertising their properties for sale slumped by the largest amount in a decade this month, as a Brexit deadline and a looming General Election spooked prospective sellers.
According to the latest research, the number of new sellers dropped 14.9 per cent — the largest year-on-year fall since
The upcoming election on 12 December is potentially causing prospective sellers to press pause on their plans, as they wait for a resolution on Brexit and to see whether the new government will make changes to housing related policies such as stamp duty.
"Elections normally dampen activity as uncertainty causes a degree of hesitation but this one is being called to try to break the deadlock after three years of uncertainty.
"A more certain outlook, whatever it may be, would be a welcome change for those who are contemplating moving."
Hunters chief executive
The number of sales agreed was 2.9 per cent lower than last year, suggesting there are still buyers in the market seeking to take advantage of lower prices, according to the latest research published this morning by online property platform
(c) 2019 City A.M., source