Inquiries From Portals Dwindle, Says Estate Agent !

Date Published 10 June 2013

Inquiries through property portals have gone down, a leading agent has said.

The claim has come from Ed Mead of London agents Douglas & Gordon, which has 14 offices in the capital.

He said: `Interestingly, inquiries through property portals were down in May as some buyers are losing confidence in them and are fed up with so many agents leaving sold stock online.

`This has increased the number of buyers calling our offices direct and visiting our website.`

If London agents are leaving sold stock online, could a shortage of homes to sell be the reason?

Mead said: `May was one of Douglas & Gordon’s best months, with many sellers agreeing sales when their expectations, and sometimes prices, were lowered.

`The fall-through rate was a third of what it was this time last year, proving there are plenty of motivated, but still picky, buyers.

`Lack of stock remains a problem, with 20% fewer properties available than in May last year. However, with average house prices continuing to increase, vendor and buyer confidence appears to be the highest it has been for some time.`