New listings decrease by a quarter each year

28 September 2015

Recent research carried out by Move with Us, home to the largest network of quality independent estate agents, has identified the number of new properties for sale has decreased. 60% of estate agents have seen a reduction in new property numbers throughout the UK. On average they have seen them dip by a quarter in an annual comparison. Agents in the North West have even seen a drop of 75%.  

Regional breakdown

Region

% decrease

East Anglia

45%

East Midlands

10%

Greater London

25%

North East

5%

North West

10%

South East

20%

South West

10%

Wales

0% (no change)

West Midlands

20%

Yorkshire and Humber

10%

 

Stats from home.co.uk also show that in an annual comparison the number of new properties for sale has dropped by 10% in Britain. Dropping most in the typically stronger markets of London (18%), East Anglia (15%) and the South West (16%). In a seven year comparison, the number of new properties for sale in the whole of Britain have dropped by an astounding 59%. From a regional point of view the dip was greatest in Greater London (71%). This was followed by East Anglia at (69%) and the South East at (66%).

Simon King, Managing Director of the Move with Us Partner Network commented: “It’s likely the number of new properties coming to market will remain static for the foreseeable future. Although this puts sellers in an advantageous position, it increases competition amongst buyers.”

 

“There are certain things house hunters can do to be seen a reliable, motivated buyer and help the process run smoothly. These include getting financially qualified before viewing, ensuring you’re legally prepared early on and setting a budget at the start. Your local Move with Us accredited estate agent will be able to help you understand what you can afford in your chosen area. The perfect home rarely exists so it is important to prioritise your ‘must haves’ and their ‘maybes’. Ultimately, having a set plan with clear criteria and being a savvy buyer can save you time and money in the long run.”

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