The supply of new properties on the UK market has hit a record low. The typical estate agency branch had 37 properties available for sale during March, according to data published by the National Association of Estate Agents – the lowest figure ever recorded for the month. This has left buyers reluctant to come to market as they have few homes to choose from, with the number of prospective buyers registering with estate agents down by 25% in the last two years, the trade body added. The NAEA said the current political climate and economic uncertainty had caused confidence to drain from the market.
The Daily Telegraph (29/04/2019)