There could be a volatile housing market ahead, an expert has suggested.
Lucian Cook, director of residential research at Savills, commented that the results of a recent Royal Institute of Chartered Surveyors (Rics) study showed that there are some "interesting trends" developing in the industry.
He said: "The convergence between the number of new applicants coming in and the number of new properties coming to the market is standing out."
Mr Cook added that there were plenty of homes available in 2008, but buyers were sparse, while this trend was reversed last year.
He also said: "What we tend to see right now is people see more stock to the market, while we don't see the same growth for the number of new enquiries coming through the door."
Last month, Rics reported that house prices in December rose at a slower pace as the gap between supply and demand narrowed.
See Also: Property News (6699)
Date Published: 14 January 2010
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