Published by: Yvonne Astley
Yes, it is a world phenomenon and not just in Norwich! Houses are selling everywhere, all over the UK, all over Europe, America, Australia, and New Zealand are seeing record transactions surpassing all predictions and expectations. The Sunday Times reported on the facts and figures and Knight Frank record 7.3% average increase in property transactions across the globe. That is great news, because as we know with increased transactions brings strength and activity to the economy. Long may it last. But the downside, it brings the shortage of stock. And with shortage of stock, creates the supply and demand dilemma and shortness of supply only does one thing, which is push up the prices!
