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Homes for sale hit 11-year high in March, Robert Colvile points out
The number of homes available for sale in March reached its highest level in 11 years. Robert Colvile highlighted the dramatic rise and suggested that landlords may be offloading properties ahead of forthcoming changes to renters' rights rules.
Colvile has previously noted that housing costs as a share of income have tripled since 1957, with the country facing a 6.5 million home shortfall, according to past analysis. He has also highlighted OECD findings that align with think tank concerns over how U.K. tax policy could hinder economic growth, as reported earlier this year. These observations add further context to the recent shifts in the housing market.
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