Sellers throwing caution to the wind on prices as supply "hits new low"

I seem to remember that in August 1988 there were well over 200 thousand sales in that single month and the average during the late 80s was in the mid 100 thousands. What we are seeing now is the result of an ever tightening noose in the form of inadequate supply. The likelihood is that this will not change for the foreseeable future so anyone waiting for 'the crash' may have to wait a long time.

Unless something 'fundamental' changes I would agree with Simon. It might be worth clarifying however, that the term 'supply' does not mean the total number of houses in the built environment but instead should mean the actual number of properties being offered on the market as available to purchase (at current but realistic prices of course).

To resolve this issue there would need to be a fundamental improvement in market technology. There is no other practical solution.

Don't worry, the government are building 13,000 "affordable" new starter homes. That will solve everything. Never fear, Brandon Lewis is here...somewhere...well, no, actually, he hasn't been seen in a while. Anyone know where he's got to?

Of course sellers are able to charge an inflated price with demand at such an out-of-control level, and this looks as if it will only increase further.

How many of these 13,000 homes do you think will actually be built though Fake Agent? I'm a little sceptical if I'm honest.

I think buy to let sell offs and stamp duty changes on second properties will increase supply post April. On top of that in London we have have huge amounts of new builds being built for foreign investors who are pulling out with the global slowdown in far east.

• Asad Riaz
• 13 January 2016 16:55 PM

Yes, certainly think that stamp duty changes will impact the supply of properties.

It's interesting examining the figures, back in 2007 Labour proposed that 240,000 new homes must be built each year to keep up with demand, but it's staggering that year-on-year the UK have failed to get anywhere near this number, and then claim that building these 13,000 new homes will solve it all.

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Oh yes, there is a mega slowdown at the top end in London, as that accounts for 0% of the U.K. market (or there abouts) it's irrelevant. After April no investors will sell because the cost of replacement will gave gone up and there is nothing else to do with their money, it would be funny if it weren't so sad