Posts with tag: new property listings

Property supply rises ahead of General Election

Published On: June 7, 2017 at 9:31 am

Tags: general election,new listings,new property listings,property

The most recent report from HouseSimple has indicated that there was a 7% increase in property supply across the UK during May.

This increase comes after a 4% fall in April and suggests that sellers want to secure an offer before the impending General Election result in early June.

New Property Listings

Almost 80% of towns and cities covered by the report saw an increase in new property listings in May in comparison to April.

The largest rises were evident in Barnsley, Wolverhampton and Canterbury, with new listings here totalling 74.6%, 52.1% and 51.9% respectively.

However, the report does show that levels of supply have swung substantially in many areas during the last two months. Oldham and Northampton saw new listings rise significantly in April but drop in May.

In London, the ups and downs of new property supply in May across all 32 boroughs were less vivid than in April. New property listings here were up by 5.2% during the last month.

Two areas that did see significant swings were Newham and Sutton. Newham saw a rise of 23.5% in May, compared to a decline of 15.8% in April. On the other hand, Sutton saw falls of 28.1% in May, with a drop of 19.2% in April.

Property supply rises ahead of General Election

Uncertainty

Alex Gosling, CEO of HouseSimple noted: ‘Political and economic uncertainty surrounding a General Election can often see sellers hold off marketing until after the result is known. However, the 7% rise in May suggests many sellers aren’t waiting and marketed their properties last month to try and secure an offer before the Election result.’[1]

‘There is something to be said for doing this. The Spring period, traditionally a buoyant time for the property market, has been knocked off kilter by Article 50 being invoked and the PM calling a General Election. As a result, we could see a late Spring bounce after the Election result, with a stampede of sellers putting their properties onto the market before the summer holidays. It doesn’t give home sellers a lot of time to secure a sale and the savvy and committed seller, willing to negotiate on price could well have seen an opportunity to beat this stampede and steal a march on their competition,’ he added.[1]

[1] http://www.propertyreporter.co.uk/property/general-election-sparks-rise-in-property-supply.html

UK property supply increases for third straight month

Published On: April 5, 2017 at 9:51 am

Author: Em Morley

Categories: Property News

Tags: Buy-to-Let,housing market,new property listings,property

UK property supply increased by 3.7% month-on-month in March, according to the latest report from House Simple. This was the third straight month in which supply has risen.

This said, new listings in the capital fell flat during the last month, sliding by 0.3% over the period. The largest falls were experienced in Lewisham and Hounslow, with new listings dropping by 41.4% and 40% respectively.

Rises

When London is excluded from the findings, UK property supply actually rose by 10.3%, which is a firm example of the divide being seen across Britain.

In fact, listings increased in more than three quarters of UK towns and cities in March. Stirling and Dundee, both in Scotland saw the largest rises in supply, with 87.8% and 70.9%.

Of the 25% of cities and towns that saw a fall in supply during March, Telford saw the largest drop, with figures down by 23.3%. Barnsley and Warrington also saw substantial falls, of 13.9% and 12.1% respectively.

UK property supply increases for third straight month

Selling Season

Alex Gosling, CEO of House Simple, observed: ‘Although new listings were up in March, we’d have hoped to see more sellers, particularly in London, putting their homes on the market as we enter the Spring’s peak property selling season.’[1]

‘We need a supply boost in April, because the demand from buyers remains strong and thanks to the continued competitive mortgage deals still on offer, they are more than committed to purchasing,’ he added.[1]

[1] http://www.propertyreporter.co.uk/property/uk-property-supply-rises-for-third-consecutive-month.html

Property supply rose by 13.3% in UK during February

Published On: March 9, 2017 at 2:32 pm

Author: Em Morley

Categories: Property News

Tags: Buy-to-Let,housing,new property listings,property market

There are encouraging signs that the lack of supply in the UK property market might just be easing, if the latest report from HouseSimple is anything to go by.

According to the firm’s data, the number of properties for sale was up by 13.3% in towns and cities of Britain during February.

In all, supply rose in 83.7% locations.

Supply Rises

Warwick led the way, with new listings increasing by 76.2% over the course of the month. In Edinburgh and Carlisle, supply rose by 59.7% and 54.6% respectively.

Other regions to see a soar in supply were Lancaster (48.1%), High Wycombe (42.2%), Darlington (40.8%), Grimsby (40%) and Chester (39.5%).

However, supply fell most prominently in Bottle (-12.6%). Guildford (-12.4%), Salford (-8.5%), Chelmsford (-7.9%) and Nuneaton (-7.5%).

Apart from High Wycombe in the South East and Warwick in the Midlands, all main rises in new listings are located in the North. On the other hand, the locations where supply is falling most are in the South and East.

Property supply rose by 13.3% in UK during February

Capital Gains

At 4.7%, the rise in supply in the capital was less than half of that recorded in the UK as a whole. This said, some areas did see some sizeable rises in new listings. Kensington and Chelsea saw a rise of 23.1% and Lambeth saw rises of 20.4% during February.

Alex Gosling, Chief Executive of HouseSimple, said: ‘The market needs a boost in supply and it’s encouraging to see that new listings are up in February, albeit that we would typically expect numbers to rise in the coming months as sellers list their properties in time for the Spring market.’[1]

‘What’s more encouraging is that new stock levels are higher than October 2016 and only slightly short of September 2016, both traditionally strong months for the property market. Now we need to see buoyant listings figures in March and April because the buyers are definitely there and thanks to the continued competitive mortgage deals still on offer, they are committed to purchasing,’ he added.[1]

[1] http://www.propertywire.com/news/uk/property-supply-13-uk-towns-cities-last-month/

New property listings in UK almost doubled in January

Published On: February 14, 2017 at 9:47 am

Author: Em Morley

Categories: Property News

Tags: Buy-to-Let,new property listings,property,property market

New property listings rose by more than double in 27% of UK towns and cities during January in comparison to December, according to the latest data released by online estate agent House Simple.

This growth was led by Lichfield, Edinburgh and Hastings, with growth in these regions totalling 268%, 173% and 169% respectively.

New Listings

Overall, the number of new properties listed across the UK in January was up by 93.3% month-on-month. More than twice as many properties came onto the market in London in January in comparison to December, with supply in the capital rising by 121.7%.

House Simple’s data was compiled from over 500,000 listed properties, with the number of new properties coming onto the market each month tracked in over 100 major towns and cities in Britain-including all London boroughs.

Other regions recording strong growth were Rochdale, Huntingdon, Eastbourne and Rugby, seeing rises of 167.5%, 156.5%, 147.3% and 141.5%

In the capital, while supply increased by 121.7%, the boroughs of Redbridge and Bromley saw the most prominent increases, of 216.5% and 184.5%.

New property listings in UK almost doubled in January

Relief

Alex Gosling, chief executive officer of HouseSimple said: ‘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.’[1]

‘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.’ [1]

Concluding, Gosling observed: ‘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.’[1]

[1] http://www.propertywire.com/news/uk/new-property-listings-key-uk-towns-cities-almost-doubled-january/

Property supply falls in the UK during October

Published On: November 3, 2016 at 11:19 am

Author: Em Morley

Categories: Property News

Tags: Buy-to-Let,landlords,new property listings,property supply,tenants

New research has revealed that four out of five UK towns and cities saw a fall in property supply during October.

Data from the report by HouseSimple.com also shows that the number of new listings were down by 6.9%.

Falls

During September, supply levels increased after the summer’s traditional lull. In October however, new listings slipped in a huge 81% of towns and cities.

The greatest falls were recorded in Swansea and Stirling, where property listings fell by 52% and 37.7% respectively on the previous month.

In order to complete the Index, HouseSimple looked at data from more than 500,000 listed properties to track the number of new properties coming to market in over 100 towns and cities. In addition, the survey looked at all London boroughs.

The table below indicates where the sharpest falls in new listings in UK towns and cities were recorded during October:

Town/City	Region	% fall in new listings in October vs. September
Swansea	Wales	-52%
Stirling	Scotland	-37.7%
Stevenage	South East	-36.4%
Winchester	South	-35.7%
Carlisle	North West	-34.7%
Hereford	West Midlands	-33.3%
Torquay	South West	-31.8%
Solihull	West Midlands	-31.3%
Chelmsford	East	-30%
Perth	Scotland	-30%

[1]

Property supply falls in the UK during October

Activity

Alex Gosling, CEO of online estate agents HouseSimple.com, notes: ‘At this time of year we’d expect to see committed sellers rushing to put their properties on the market before the traditionally quieter period kicks in as we get closer to Christmas. The weather has also been unseasonably mild recently, and that should be encouraging sellers to list their houses as it presents an opportunity to show off their property in the best possible light.’[1]

‘Instead, we have seen new listings stall in October, with supply down in four out of five UK towns and cities. This might simply be a correction after September saw a surge in new properties coming onto the market and the overall drop in property supply is still less than 2% in October compared to September,’ he continued.[1]

Looking forwards, Gosling observed: ‘We may need to wait until the New Year now to see market activity pick up. But there will always be people that have to sell their properties in November and December, and that could mean opportunities to negotiate a good deal for buyers who have their finance in place and are ready to proceed.’[1]

[1] http://www.propertyreporter.co.uk/property/property-supply-down-across-uk-in-october.html

New property listings up by more than 10% in September

Published On: October 5, 2016 at 8:40 am

Author: Em Morley

Categories: Property News

Tags: housing market,landlords,new property listings,UK housing

New property listings in Britain rose by more than 10% month-on-month during September.

In fact, more than two thirds of UK towns and cities experienced a rise in supply, according to latest research conducted by online estate agent House Simple.

Increases

Total supply rose by 10.4%, with the largest increases reported in Basildon, Essex, where supply rose by a substantial 68.1%. London saw a rise of 16.5%.

Hereford also saw a massive increase, with supply up by 58.3% and in Lichfield, there was a rise of 53.5%. In Hemel Hempstead, property listings were up by 52.2% and in Truro 48.3%.

At the other end of the scale, supply in Falmouth, Cornwall slipped by 27.5%. Other notable falls were evident in Sutton Coldfield (-25.8%), Ely (-22.9%) and Stockton on Tees (-22.2%).

New property listings up by more than 10% in September

Post-Brexit high

The property market in the UK continues to defy predictions of post-Brexit chaos, returning to some kind of normality following the traditional summer drop.

Alex Gosling, chief executive officer of House Simple, noted: ‘The figures don’t show an uplift in new listings after a typically slow August. The more than 10% boost in new properties is evidence of a resilience in the housing market that many didn’t expect. Many clearly believe that the market is strong enough to sell in despite the ongoing political uncertainty.’[1]

‘What was a sellers’ market before the European Union membership referendum vote and buyers’ market in the initial months after it may now be somewhere in between. This is no bad thing,’ Mr Gosling added.[1]

[1] http://www.propertywire.com/news/europe/new-property-listings-10-uk-month-month/