Asking prices for homes on the market in England and Wales have moved up a further 0.8% since March, showing the highest annual growth for four years.
But, said property search engine Home, listings of new homes for sale are down by 5.2% on this time a year ago,
Home’s new survey, in conjunction with the Land Registry’s official number crunchers Calnea, says that asking prices are up 2.1% on this time last year.
But the site warns that it is the low volume of property for sale which is the key to the market. It warned that the current low volume of home sales also looks likely to persist until the larger economy picks up.
Home also suggests that many purchasers are buy-to-let landlords, and predicts that 25% of all housing stock will be rental by 2020.