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...
It’s tempting to think that Michael Gove’s proposed clampdown on Airbnb-style...
Councils across England could make an additional £540m a year in...
The vast majority of negligence claims against conveyancers are for relatively...
You don’t have to simply accept things as they are when...
From the uptick in house sales in January to a house price...
Happy birthday to us….and all members of the The ValPal Network! We...
With a combined value surpassing £7.4 trillion, the UK’s 29 million...
Interesting report this week in Estate Agent Today on an analysis...
An anti-money laundering (AML) expert has queried why there is a...
MPs have launched an inquiry on improving the home buying and...
MPs have launched an inquiry on improving the home buying and...
The Law Society is facing backlash from conveyancers after issuing new...
An anti-money laundering (AML) expert has queried why there is a...
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 your...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment