Private landlords opting to sell part of their property portfolios in the coming months may be able to benefit from a rise in demand for homes in the UK.

According to the National Association of Estate Agents' (NAEA) monthly housing market analysis, demand is outweighing supply across Britain.

In October, the average estate agent branch had 287 house hunters registered and 57 properties on the market.

It would seem that vendors, such as private landlords who are looking to downsize, may be able to get a good deal for their property. Indeed, with so many people aiming to buy they may even be able to start a bidding war or their residence.

The NAEA also found that the gap between asking and selling prices fell to 8.8 per cent in October. The divide had been recorded at 10.9 per cent the previous month.

Landlords gauging the current market conditions ahead of a potential sale may have noted the Halifax House Price Index earlier this week, which indicated that the typical home in the UK was worth £165,528 last month.

Written by Mark Garner

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