From This is Money:
The number of people putting properties up for sale rose more than twice as fast as those looking to buy in February, indicating that house price rises could begin to slow.
The mismatch between supply and demand, which had previously seen a greater number of new potential buyers compared to sellers, had been seen as a key factor in supporting house price recovery.
As more sellers enter the marketplace, though, house price rises could be held back ? at least in the short term.
Rics reported that 15% more of its member estate agents said they had seen a rise rather than fall in sales instructions from homeowners, while only 7% more recorded a rise than fall in potential buyers.
February marked the second month when the supply of properties for sale has outstripped demand from new buyers, although both measures have turned positive after January’s -5% and -20% respective balances.
A balance of 17% more surveyors reported rising than falling prices during February, although this…
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