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Flurry of housebuying in the north creates shortage of homes for sale

Homes for sale in the Midlands and in the north of the UK are being snapped up so quickly that Rightmove says there has been a sharp reduction in the level of stock available on its website.

Britain’s biggest property website said the strong levels of buyer activity in the north of England, Scotland and Wales has led to the number of homes on sale in these regions shrinking by an average of 4.3% compared with a year ago.

The company analysed more than 120,000 properties listed on its website between mid-May and early June.

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