For the first time in 2 years, the number of homes coming on to the housing market has seen a positive growth, surveyors have reported.
The overall balance of new home stock coming on the market is growing rather than shrinking, which is showing positive growth for the first time in 27 months.
A net balance of 5% of surveyors reported a flow of properties coming to the market are increasing rather than decreasing in May 2018.
Interest in properties rising in some areas
Although the demand of new buyers has dropped, the interest from people searching for properties was reported to have increased in some parts of the UK- including London, the South West, Yorkshire and the West Midlands.
The increasing interest in London could be due to the continuing price drop of properties. By contrast, house prices continue to grow in the Midlands and the North West in England.
No overall change in house prices in the UK during May were recorded.