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Property supply is tight, says report

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  • 07/10/2002
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The supply of properties in the UK remains tight, according to rightmove.co.uk's September Real-Time...

The supply of properties in the UK remains tight, according to rightmove.co.uk’s September Real-Time Property Report. This follows a steady decline in availability of good quality homes throughout 2002. There was an upswing in asking prices as the national average rose by 2.3% after an average rise of 1% during the summer.

Miles Shipside, housing expert at rightmove.co.uk, said: ‘The shortage of properties in many areas means it is still a seller’s market, particularly in the lower and middle-price brackets. The shortage and continued demand are resulting in renewed increases in asking prices.’


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