“The capital’s housing market doesn’t appear to be slowing down any time soon. Pressure to buy is still considerable with many buyers competing via open houses and sealed bids for a limited amount of stock.
“The real challenge is finding a property you can afford to buy and being able to secure it in the face of stiff competition before prices move higher still.”
“The market has a 2007 feeling — if you don’t buy now and pay that extortionate price, there is a long queue of people behind you ready to jump in.”
“The shortage of homes was leading to a vicious circle as owners delayed selling up because they could not find homes to move into. People are not moving at the moment, mainly because they can’t,”
“They are worried that they won’t find anything that they want to buy, and this concern goes all the way up the chain.”