Tuesday, 13 October 2009

House Price rises caused by lack of supply shocker

Damn right! Speaking as someone attempting to move at the moment, I can confirm that demand is massively outstripping supply.

At last someone speaks the truth.

After this BBC article a couple of weeks ago which trumpeted the rise in house prices with only a sentence referencing a possible supply issue it's good to see another BBC article today correctly identifying lack of supply as a driver.

Certainly, in my area, any 3 bed house that's any good doesn't even make it onto rightmove. Sold signs just appear.

UPDATE: Doh! Can't even get the title right...changed now

1 comment:

Anonymous said...

Don't you mean by `lack of supply`?