Sales fell five per cent in March compared with February in some parts of the country as a direct result of the poor weather, admits LSL Property Services.
Transport delays, viewing cancellations and a general hesitation from buyers resulted in fewer completions in March than usual for the time of year, with the south west particularly badly hit, says the firm.
However, it says nationwide sales volumes are still 22 per cent ahead of March 2013 despite the month-long weather hiatus.
A rejuvenated economy, more accessible mortgage market and better employment prospects are underpinning greater confidence among aspiring buyers. For the ninth month in a row average prices have set a new record, a clear sign of the sustained growth that has galvanised a feel-good factor' says LSL director David Brown.
But Brown warns that without more homes coming on the market, or more new homes being available off-plan or nearing completion, the housing recovery could yet stall.
The bottom line is we simply need more homes, not just to satisfy the growing demand but also to curb prices from rising beyond reach - particularly in London, where those at the lower end are already facing an uphill struggle he warns.
.png)
Comments