Blogs
Instructions down but must sell properties selling seven weeks quicker
Author: Move with Us17 Jan 12, 12:37 PM
Category: General
Tags: Must sell properties
As little as 36,433 properties are being listed on Rightmove each week which, according to Miles Shipside, is the lowest number of listings the property portal has recorded in a decade. Furthermore, it has also been reported that only one new property per week is being sold by each estate agency branch.
Conversely, the new year seems to have brought with it an influx of new interest in the housing market with Rightmove reporting a massive 44 million property searches in the first 10 days of January alone.
The large number of people looking to move but with fewer houses to choose from has caused people to search obsessively for new properties online. Miles Shipside, Rightmove Director commented on Estate Agent Today that:“This search addiction is in part caused by each estate agency branch currently listing less than one new property a week, an all-time low and around half of pre-credit crunch levels.”
