14 Feb

Property listings on the rise

Property listings on the rise

The number of properties being listed has nearly doubled in key areas during the month of January.

Research from HouseSimple showed 27 per cent of towns and cities have seen an increase in supply.

Lichfield saw the largest rise in listings, with a growth of 268 per cent during the first month of 2017, while in Edinburgh supply was up by 173 per cent and in Hastings the number of properties being lists increased by 169 per cent.

In the capital, supply rose by 121.7 per cent as the London property market began the year strongly despite potential market issues.

“We expected to see property supply rise in January, and it will be a relief that numbers have jumped because there were concerns that sellers, jaded by Brexit talk, might be slow to market in January,” said Alex Gosling, chief executive officer of HouseSimple.

He added: “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.”ADNFCR-1222-ID-801832349-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.