New property listings rise after December slump

The number of new properties listed across the UK in January has almost doubled from those marketed in December 2016, according to the latest property supply Index from HouseSimple.com.

The UK saw property supply increase in every town and city in January and more than a quarter of UK towns and cities experienced an increase in supply of 100% or more.

In London supply was up 121.7% in January and outside of the capital, Lichfield saw new property listings rise more than threefold.

Alex Gosling, chief executive of HouseSimple.com said: “We expected to see property supply rise in January.

“Although the numbers of new properties listed wasn’t through the roof, they were higher than November and only a little lower than October, so supply returned to pre-Christmas levels.

“We are now coming into peak-time for property sales and the black cloud of Article 50 looms overhead with no-one really knowing if that will see sellers delay marketing their properties.

“But if the market’s response to the Brexit vote is anything to go by, the urge or need to move will mean it’s very much business as usual.”


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Written by: Houseladder