The coming general election has sparked a lot of indecision amongst buyers across the property market.

For the third consecutive month in a row, the number of property investments coming onto the market has surpassed demand from new buyers, with estate agents reporting only 1% boost of new buyers and a 3.7% increase in properties for sale.

Property intelligence company, Hometrack said that estate agents had been reporting that purchasers were taking longer to give their commitment.

Prices edged further by just 0.2% during the month, following increases of 0.3% during each of the preceding two months, and Hometrack said that estate agents seemed to be finding it even more difficult to uphold price rises while still achieving sales volumes.

People need to have enough financial backing so as to purchase some property. Dealing with the aftereffects of financial slump, it cannot be anticipated to see more people buying or investing their money in property, whose rates are soaring each day.

It is, in fact, difficult, for the realtors, to maintain and attract people to buy property in the present times.

There is more supply and less demand, which is very obvious, has been affected due to economic downturn.

This is a trend that has been apparent for the last quarter, but lies in stark contrast to the final months of 2009, when buyers far outnumbered the supply of properties for sale.

Realty agents cannot keep positive hopes seeing the present scenario, because, if there is less demand for a particular product, definitely they cannot anticipate seeing a positive increase in the rates of property. It is a great jolt for all those, who are associated with this business.

There has been proof for some months that the supply/demand equilibrium has been altering progressively, but the buyer slowdown has been worsened by the announcement of a May election.