Financial Times - More homes come on to the UK market as pressures ease
The number of homes offered for sale in the UK has increased over the past year figures in the Financial Times show.
There were an average of 25 homes being offered per estate agent in March, up from 14 for the same month last year — a rise of 78 per cent. This is according to the latest housing market report by property site Zoopla.
Mortgage lenders have been lowering their rates in recent weeks. The largest price reduction was from Barclays, the bank cut the rate on its five-year fix from 5.59 per cent to 4.3 per cent — with an arrangement fee of £1,999 and a loan size of between £2mn and £10mn.
Aaron Strutt of Trinity Financial told the Financial Times: “More of the lenders have lowered their rates over the last few weeks but it is unusual to see prices come down by over 1 per cent — especially in the large loans space.”
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