"This spring burst is likely to be followed later in the summer by a second, longer period of stagnation which I predict we won’t emerge from until the latter part of 2010.
"People thinking about selling should be decisive and take advantage of the current extraordinary market conditions – a drastic shortage of stock combined with rocketing demand from buyers.
"Cluttons has seen 12 cases of gazumping in the last month alone, as a result of the lack of supply, but I expect this is only temporary. I would advise sellers to make hay while the sun shines over the next few weeks."
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