Semi-Detached Houses in Short Supply

Research into the shortage of homes on sale across a sample of 175 agents in the UK suggest the biggest problem is with a paucity of semi-detached houses.

Move with Us, the network of independent agents, says 57 per cent of agents are experiencing a shortage in the number of semi-detached homes; 53 per cent say they need more bungalows to meet demand, and 48 per cent report a lack of terraced homes.

Data from Move with Us in association with home.co.uk, analysing 209,5000 property sales in December and January shows that the average selling time for a three bedroom semi-detached is 71 days, from when it is first listed until Sold Subject to Contract (SSTC).

This is 55 days faster than the national average selling time for all properties.

“The age of the first time buyer has been increasing over the years and with the five per cent deposit brought about by Help to Buy, many home buyers are now opting to purchase three bedroom properties as their first home. They’re skipping the first rung of the property ladder, forgoing the starter home,” says Robin King, the director of Move with Us.

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