The top end of the UK property market could be set to see a surge in the number of homes available later this year, an estate agency has said.
Nigel Ellis, a senior partner at Prickett & Ellis, commented that the situation is likely to remain becalmed in the next few months as a general election approaches, noting that these are always "quiet" times with much uncertainty.
He added: "Things will change quite a lot after the election, which will bring in more properties."
Mr Ellis predicted that while a lot of people are "happy" to stay put now, an increasing number of homes will become available as "things get tougher" and interest rates rise later in the year.
The jump in market activity could lead to an increase in demand for flooring, as those moving home decide to redecorate after doing so.
Figures from property portal Primelocation.com indicated that prices in the prime market rose by 6.3 per cent in 2009, compared with a 0.3 per cent drop for all homes.
