Chief executive of online estate agent House Simple, Alex Gosling, has described hopes of sellers returning to the market on a long-term basis as ‘vain’ after a report detailing a significant drop in listed properties during July. Gosling believes several factors could be to blame, including a normal slight decrease in activity during the summer combined with a lack of seller confidence in the property market. The number of homes sold fell by just over 1,000 between July and August, according to data from Land Registry.
Chief executive of online estate agent House Simple, Alex Gosling, has described hopes of sellers returning to the market on a long-term basis as ‘vain’ after a report detailing a significant drop in listed properties during July. Gosling believes several factors could be to blame, including a normal slight decrease in activity during the summer combined with a lack of seller confidence in the property market. Rightmove director Miles Shipside recently commented that there is a large supply and demand discrepancy concerning starter homes, where there lies a great need for new builds.