Your English writing platform
Discover LudwigSuggestions(5)
Exact(28)
Supply of properties was at a record low, it added.
One factor has been a shortage of supply of properties for sale.
The supply of properties for sale has tightened for several reasons, brokers say.
This has reduced the expected supply of properties and helped to drive up prices.
It reports a 0.6percentnt fall in average house prices and that the excess supply of properties on the market has increased again this month.
"However, with supply of properties being slow to respond to market conditions, stronger demand in the past year has resulted in upward pressure on house prices".
Similar(30)
Foreclosure drives the supply of property up and prices down, while constricting demand.
Compared to the same point last year, we have seen a 20% increase in demand and a 25% fall in the supply of property.
Even so, it's a big concern that the supply of property coming to the market is lagging so far behind demand.
Campaigning organisations such as housing charity Shelter argue that the balance of power has swung too far in favour of landlords, against tenants who are chasing a limited supply of property and can be evicted without reason.
BNP Paribas said that improved household finances and confidence in the economy would bolster demand for homes, and prices paid, but the lack of supply of property for sale remained "a serious concern".
More suggestions(4)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com