Stock Levels Critical

Adam Stackhouse, sales director of Chesterton, recently commented:
“I can report a quite dramatic uplift in buyer activity across all price levels, with year-on-year registrations increasing by 27%. An increase in interest rates remains the only solution to ease buyer demand and, subsequently, slow down the recent hikes in value. Stock levels are now becoming so critical to buyer and agent alike that we have several cases across our network of purchasers acquiring property that is currently under a two - three year corporate let agreement, buying ahead so that they can secure the right home for their needs when the properties become vacant in 2009. We remain hopeful that stamp duty will be realigned with market conditions to enable supply in certain sectors to increase”.