The M.E.C Mortgages residential property review is out now!
Click here to read more about this months residential property review:
includes guides to property values, stats and more.
Supply still lagging demand
Steady buyer demand and a sixth successive month of net negative new instructions, were the stand out trends in the September UK Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS).
At the national level, new buyer enquiries had a net balance of zero in September, up from -13% in August. Meanwhile, the recent decline in new listings persisted,with new instructions registering a net balance of -35%.
Simon Rubinsohn, RICS Chief Economist, commented, “The imbalance between demand and supply remains the most striking theme… And feedback from members provides little reason to believe this issue will be resolved anytime soon.”
Following a slight dip caused by the tapering of the Stamp Duty holiday, steadier buyer demand is now causing sales expectations to gain momentum, with 11% more respondents anticipating an increase in sales in the coming three months, up from +6% in August.
Indeed, with over one million homes sold by the end of August – a threshold not usually passed until October – analysts are suggesting 2021 could see more transactions completed than in any year since the global financial crisis.
Packed with valuable information, hints and tips to help you along your homebuying journey and beyond.
Sign up now using the contact form to receive this month’s issue. This month’s issue talks about first time buyers and is packed full of useful information.
Future newsletters will include; information on the homebuying journey, how to release equity, options for those with low income, helping to consolidate debt, understanding your true credit score and even some fun ideas on teaching your children finances!
Here at M.E.C Mortgages we want to teach the nation, making finances simple and putting you in control of your money. We hope our newsletter and social media posts can share the knowledge and help you grow financially, raising awareness and understanding of this sometime complex area.
We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
Because these cookies are strictly necessary to deliver the website, you cannot refuse them without impacting how our site functions. You can block or delete them by changing your browser settings and force blocking all cookies on this website.
Google Analytics Cookies
These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.
If you do not want that we track your visist to our site you can disable tracking in your browser here:
Other external services
We also use different external services like Google Webfonts, Google Maps and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Vimeo and Youtube video embeds:
Privacy Policy
You can read about our cookies and privacy settings in detail on our Privacy Policy Page.
