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UK NEWS

Property supply down in UK following election uncertainty

Sep 24, 2017
Of the 100 towns and cities that online estate agency HouseSimple.com analysed, 81% of areas saw property supply fall in June compared to May.



Dundee and Barnsley registered the biggest drop offs in property supply, down 48.1% and 39.3%. Of the few areas that saw a rise in new listings in June, Lichfield and Hartlepool registered substantial gains of 20.6% and 18.7% respectively. 

The following table shows the ten UK towns and cities that experienced the biggest decreases in new property listings in June versus May: 

The following table shows the ten UK towns and cities that experienced the biggest increases in new property listings in June versus May: 

The capital bucked the trend, with property supply up 5.3% across the boroughs. Sutton stood out with new property listings in June up by more than half (54.1%) compared to May.  

Alex Gosling, CEO of online estate agent HouseSimple.com, said: “The supply drought continues. The property market was hoping for a downpour of new stock in June, but the Conservatives crawling over the line failed to deliver the injection of confidence the market needed, and put paid to any chance of a late spring bounce. Price growth has stalled, and sellers, it appears, are choosing to stay put, rather than accept marketing their properties at a lower price than they might have done a few months ago.” 

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