House supply up for third month
11th April 2017

The number of houses coming onto the market last month rose by over 10% across the UK excluding London, making it the third month in a row to record increases.

However, a 0.3% slump in new listings in London dragged the overall UK figure down to less than 4%, according to the latest Property Supply Index from online estate agent HouseSimple.com.

In contrast to the capital, Stirling and Dundee saw the biggest increases in supply, up 87.8% and 70.9% respectively last month.

Of the 25% of towns and cities that saw supply fall in the same period, Telford experienced the biggest drop in the number of new listings, down 23.3%. Barnsley and Warrington saw supply fall 13.9% and 12.1% respectively.

Alex Gosling, CEO of HouseSimple.com, said: “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.

“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.”