More homes are coming to the market in Lancaster and Morecambe!

Have you started to notice that there is gradually more choice coming to the property market?

Slowly across the UK, more and more homes are coming available for sale and rent which of course gives a greater choice for buyers and renters. This will be music to many people’s ears!

At JDG, new instructions are 30% up year on year. It’s still not enough to serve buyer demand, but it’s a positive sign for those desperate buyers out there. Rental listings are up by 14% – we still desperately need more!

Demand for properties to buy and rent remains high, however, and a continuing shortage of properties is likely to underpin price growth despite the increase in the costs of living and the high rates of inflation we are seeing.

Price growth might not be as strong as 2021 and in some areas, it is showing signs of slowing, however, if anyone is hoping that prices may dip, they might be left hoping for some time yet. The cheapest time to buy property could very well end up being the day you are reading this article……

My name is Michelle Gallagher. If you would like to talk about the value of your home or what is actually happening in the Lancaster or Morecambe Housing Market, please get in touch. At JDG we are here to help.

Thanks for reading

Michelle