UK Housing Market Sees Eight-Year High in Listings
Increased supply of homes provides buyers with more options but keeps price growth subdued
- The number of homes for sale in the UK is at its highest since 2016, with a 20% increase from last year.
- Experts predict limited house price growth in 2024 due to the increased supply and cautious buyer sentiment.
- The average estate agent now has 31 homes listed, reflecting renewed confidence among sellers.
- Expected interest rate cuts later in the year may further influence the market dynamics.
- Nearly a third of current listings were also on the market in 2023 but did not sell.
Evening Standard 
