Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Number of homes for sale bounces back in key towns and cities

Number of homes for sale bounces back in key towns and cities

A property supply index suggests there has been a bounce-back of homes on the market in July, following the EU referendum hiatus. 

HouseSimple says there has been a 3.4 per cent increase across the UK and a spectacular 13.7 per cent rise in London. 

Three London boroughs - Bexley, Greenwich and Lambeth - each saw supply increase by more than 40 per cent last month.

To compile the Index, HouseSimple looks at data on more than 500,000 properties listed on the website in more than 100 major towns and cities across the UK as well as in all London boroughs.

In June, so for the period leading up to and immediately after the Brexit vote, new property listings across the UK were down 7.3 per cent and a larger 12.8 per cent in London. 

However, July saw supply rise in almost two thirds of towns and cities across the UK, with new property listings up by more than a half in Durham and up 32.5 per cent in Hartlepool, both in the north east and both areas that strongly voted Leave. 

Yet there appears little consistency to the market. Despite the majority of towns and cities experiencing a boost in supply in July, more than a third experienced significant falls including Bootle, where listings fell 30.8 per cent.

Article courtesy of Estate Agent Today | Sign up for Estate Agent Today newsletter | Get this news on YOUR site!