Property buyer numbers was reported to be at a record low, figures showed on Tuesday.
According to the National Association of Estate Agents (NAEA).The number of house-buyers on estate agents' books dropped 12% last month - to 243 per agent from 276 in January.
With tighter lending rules and buyers taking the wait and see approach people hoping for a quick house sale are now facing a difficult wait when they place their house on the market.
To add to this the gap between asking prices and what properties actually sold for continued to widen to stand at 4.5% .Rightmove.co.uk - the country's largest property portal said sellers need a "reality check" when pricing their homes for sale, as unsold stock reaches record proportions.
