The property market is teeming with homes for sale, but the number of buyer enquiries has fallen, new data from Rightmove shows.
Sellers face a very crowded market, with the number of homes available for sale remaining at a 12-year high, the property portal said.
This glut of homes on the market is not being matched by buyers, however.
The number of buyers enquiring across the market is 9 per cent lower than this time last year, while sales agreed are also 9 per cent lower annually.
This chimes with figures from Propertymark, a leading membership body for estate agents. It says there has been
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.
