- Tuesday, May 29th, 2018
- one response Comments
How the housing market has changed… It was just a few years ago when it was a seller’s market and they were confidently in control. They would have open days where many people would come to view a property for sale leading to bidding wars and a seller walking away with a decent profit. Today it is now a buyers’ market, where a buyer can bid down a price, rather than the price increasing way beyond what the buyer anticipated. What a total reversal, where have all the buyers gone? UK home sales dropped by 7.2% between February 18th and March 18th to 92,270, the lowest level since May 2016 (88,680) according to data by the HMRC.