Property markets are biased towards sellers in over half of England and Wales

There is currently a sellers market in over half of England and Wales despite the overall slowdown caused by Brexit with the hottest markets in Bristol and Manchester, according to new research. The analysis by property forecasting firm PropCast, looked at the number of properties for sale across England and Wales and calculated the percentage of those under offer or subject to contract, portrayed as a temperature recording. It found that 53% of postcode districts have a market heat temperature of at least 35?, indicating they are in a sellers’ market. This is when there are more buyers than properties for sale, placing the balance of power in favour of home owners.

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