House market waking up
14th February 2017

The UK property market has shaken out of its winter slumber with almost double the number coming on the market in January, in sharp contrast to the exceptional December dip Read Story.

New listings with estate agents increased in every town and city, according to the Property Supply Index from online estate agents HouseSimple.com. giving an overall 93.3% increase, while more than a quarter of them putting on over 100% and many adding much more.

Alex Gosling, CEO of HouseSimple.com 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. 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.

“We are now coming into peak-time for property sales, the pre-spring and spring market. The black cloud of Article 50 looms overhead and no-one really knows if that will see sellers delay marketing their properties. But 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.”

To compile the Supply Index, HouseSimple looks at data on more than 500,000 listed properties* to track the number of new properties marketed every month in more than 100 major towns and cities across the UK and all London boroughs.