【Knight Frank】Housing supply rises faster in rural markets as vicious circle of low supply breaks

Late into the spring market, supply is picking up as economic jitters mount and a belief grows that house prices may be peaking, a trend we explored in more detail last week.

Listings have been low since the end of the stamp duty holiday last September as owners hesitated due to a lack of purchase options. The result was a vicious circle of low supply that led to double-digit house price growth, spurred on by low mortgage rates, savings accumulated during the pandemic and the so-called ‘race for space’.

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