This month’s #Residential #Property Review includes the latest data from the UK #housing market which shows dwindling #demand and limited #supply, contrasting markedly with strong transaction figures.
Demand for new homes remains above average, whilst the latest RICS survey noted that new instructions to sell homes remained largely flat, which is keeping supply limited. Completed transactions, in contrast, remained strong in July, 6% above the 2018-19 average for the month, according to HM Revenue and Customs.
First-time buyers have only a month left to take advantage of the Help to Buy: Equity Loan scheme, which will stop accepting new applications at the end of October 2022 and close in March 2023. Scotland’s first-ever Green Home Festival, took place in August to raise awareness of the role of property in the transition to net zero.