An online agent operating in the Midlands says the idea of flipping property is a thing of the past thanks to the buoyant market.
Yopa’s Felicity Raynor, based in Stoke-on-Trent, has told the local media: “Supply is as short as I've ever known it to be, so in order to beat an owner occupier, 'flippers' are needing to pay over the odds leaving themselves with no margin or even in the negative
“These buyers just don't stand a chance in this area at the moment as they are getting beaten to everything by people who can't find anything to buy so are resorting to buying a run down house and doing it up themselves while living there.”
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