Bad news for first time buyers as the number of houses up for sale is currently at its lowest level in nearly six years; a fact which has caused prices to rise further, according to surveyors, residential conveyancing solicitors and economists.

In fact, the situation has become so bad for first time buyers that the Royal Institution of Chartered Surveyors (RICS) has dubbed it a “national emergency”, while also warning that the Conservative government’s plan to extend the right-to-buy could be catastrophic in terms of ensuring it is able to reach its own housing targets.

Continue reading →