Housing Supply and Demand are Both Down

I was interested to read the recent report by the National Association of Estate Agents citing a slight decrease in both the supply of property and also demand from prospective buyers.  This very much follows the trends that I have been noticing.  In response to the latest figures, the NAE is calling on the Housing Minister, Mark Prisk, to implement a 5 point plan to make it easier for first time buyers to get on the housing ladder.  They have also indicated that whilst they recognise the need for responsible lending they shouldn’t take actions that could curtail the ability to lend sensibly.  I would add my voice to this call and urge Scottish and UK Governments to take urgent action to assist the housing market.

Lindsay Darroch
Partner & Head of Property

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