Online estate agent HouseSimple claims that in July the number of vendors listing homes on Rightmove plummetted by 13.2 per cent across the UK.
In London the drop was even greater, approaching 15 per cent.
HouseSimple analysed the number of new properties listed on Rightmove in July compared to June, in more than 100 major towns and cities, including all 32 London borough.
Most of the 100 locations saw significant falls - as much as 30 per cent in Glasgow and Edinburgh, and by 28 per cent in Milton Keynes and Sunderland. Swindow saw a 25 per cent drop.
In London, Bexley saw a 31.4 per cent drop in July while high-end Kensington & Chelsea saw a 24.5 per cent drop.
“Any hope that sellers were finally returning to the market seems to have been a vain one for the time being. A boost to new stock levels in June suggested that we were finally starting to see some movement from sellers, but that momentum seems to have been short-lived” claims Alex Gosling, HouseSimple chief executive.
“We fully expected activity to drop off in the summer months, but come the autumn the market needs to replenished with stock to realign the supply versus demand balance” he says.
New property listings on Rightmove plummeted by 21.5 per cent across...
The chief executive of online agency HouseSimple says “sellers need to be...
Many industry analysts have dismissed a claim by an online estate...
The summer market momentum building thanks to warmer weather and reduced...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment