60% of home-movers believe that it is currently a buyers’ market and only 13% believe the odd are in favour of sellers, a ‘market balance ratio’ in excess of 5:1 in favour of buyers
Proportion of home-movers forecasting prices to be same or higher in 12 months’ time rises from 62% to 66% year-on-year, providing evidence of marginally more positive price outlook
However, more granular analysis reveals that the national picture masks significant variations at town and city level - the effects of local micro-markets operating very differently
Analysis of price forecast and ‘market balance ratio’ data highlights acute north-south divide:
• 19 of the top 20 ‘price optimist hotspots’ are in the south
• 17 of the top 20 ‘price-pessimist blackspots’ are in the north
• North West London strongest area for ‘seller power’, whilst strongest ‘buyers-market’ is in Huddersfield
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