Can the housing market survive the summer?

The abolition of home information packs has led to a flood of new properties for sale. And with mortgage finance still tight, it's hard to see the housing market making it through the summer unscathed.

I wrote earlier this week that right now there are so many potential triggers for a fall in house prices from their mysteriously high levels, that it is hard to see the market making it through the summer unscathed. (What will trigger the fall in house prices?)

But it seems that in my list of potential nasties I missed one obvious one the end of home information packs (Hips). This spring has already seen a 78% rise in the supply of new property coming on to the market, according to Henry Pryor, who spends hours pouring over these statistics: 121,000 houses hit the market in March alone.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.