Property ‘not-spots’ for house sellers

In many parts of the country less than half of homes currently for sale are already under offer or sold subject to contract, according to research by data company PropCast. London, where two-thirds of properties for sale are yet to receive an offer, is currently the worst place to be selling a home. In Cumbria, Lancashire, Lincolnshire and Tyne and Wear less than half of properties on the market are under offer or sold subject to contract. PropCast said: “As more and more home buyers realise they are going to miss the March 31 stamp duty deadline, fall throughs and price reductions are going to increase”.

The Daily Telegraph(15/02/2021)