30% More Salisbury Home Owners Wanting to Move Than 12 Months Ago

As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Salisbury and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s good to know more Salisbury home sellers are putting their properties on to the market than a year ago.

 At the start of 2007 there were 319 properties for sale in Salisbury but by June 2008, when the credit crunch was really beginning to bite, that number had risen to 481 properties on the market at a time when demand was at an all-time low, thus creating an imbalance in the local property market.

 Basic economics dictates that if there is too much supply of something and demand is poor (which it was in the Credit Crunch years of 2008/9) … prices will drop. In fact, house prices dropped between 15% and 20% depending on the type of Salisbury property between the end of 2007 and Spring 2009.

 However, over the last five years contd