Property market in the doldrums as number of homes on Britain’s estate agents’ books falls to lowest since 1978

  • A scarcity of properties coming up for sale means that estate agents are being left with an average of just 43 unsold homes on their books.

This is the lowest ever recorded number since records began at the Royal Institution of Chartered Surveyors in 1978. While the supply of homes for sale hits record lows, demand from buyers was equally ‘subdued’ last month, RICS said.

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Dwindling supplies: Scarce supplies of properties coming up for sale mean estate agents are being left with an average of just 43 unsold homes on their books