« Back to all posts

New instructions drop almost 6% across UK year-on-year

Reposit NS

New listings were down last month by almost 6% on August the year before, and down 13.1% on a monthly basis.

Analysis of new listings on website Home has shown that in 100 UK towns and cities, supply dropped on a monthly basis in two thirds of places.

The biggest falls were in Coventry (down 33%), Winchester (31%), Salford (28.5%) and Oxford (25.6%).

In London, supply was down 22.3%, with the highest monthly fall in Richmond at 42%.

The analysis was done by HouseSimple, whose CEO Alex Gosling said: “Few people will be concerned by the drop-off in new listings between July and August.

“More of a concern is the 5.9% drop-off when comparing last month with the corresponding month in 2016. Supply continues to be a major issue.

“The property market needs a strong September after a subdued period since the general election.”

The Land Registry has said that transactions in the second quarter of this year fell 12% on an annual basis across England and Wales. In the 12 months to the end of the quarter, there were 844,380 transactions – the lowest since the same period in 2009/10.

x

Email the story to a friend

FREE
daily news
email from EYE

straight to your inbox

Join 20,000 industry colleagues
and subscribe to our free daily news email.


(You may unsubscribe at any time and we promise never to sell or pass on your email address)

Thank you! To complete the subscription, please click the link in the email we just sent you.

Hamilton Fraser NSemoovLANDMARK/SMARTVAL NSViewber 1 NSON THE MARKETRentmyhome NSPaypropHUNTERS NS - to June 2017NES NSEXPERT AGENT NSNFOPP SkyscraperTM trainingjobs board nsArena Push news story pages

[ comments ]

Source:: New instructions drop almost 6% across UK year-on-year