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TODAY'S OTHER NEWS

10 per cent rise in new property listings, claims online agency

An online agent monitoring the market claims there was a 10.4 per cent rise in new properties listed in September up, mostly in major towns and cities. 

Following a typically slow August, HouseSimple claims 69 per cent of UK towns and cities have seen a leap in listings. 

London saw a 16.5 per cent boost in new properties listed, although the location with the single largest increase was Basildon in Essex, up 68.1 per cent, followed by Hemel Hempstead with a rise of 52.2 per cent.

To compile the 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.

However, nearly a third of locations experienced falls in new properties listed, including Falmouth in Cornwall where listings fell by 27.5 per cent.

“The figures don’t show an astronomical uplift in new listings after a typically slow August but a more than 10 per cent boost in new properties is evidence of a resilience in the housing market that many didn’t expect” according to Alex Gosling, chief executive of the site.

“What was a sellers’ market before the Referendum vote and buyers’ market in the initial months after it may now be somewhere in between” he claims.

  • Trevor Mealham

    SELLERS MARKETS ARE GOOD FOR BUDGET AGENTS

    But spin the coin to a buyers market and WHICH's report showing only 4 in 10 homes sell as a result of main portals is tragic research for online only agents who may not have the skills to tackle harder times.

    Only four in 10 find new homes on property portals Most discover the property they buy through 'traditional' means. Over half (55%) used traditional methods such as looking in an estate agent's window or the local newspaper

    Read more: http://www.which.co.uk/news/2016/08/only-four-in-10-find-new-homes-on-property-portals-451429/ - Which?

    Read more: http://www.which.co.uk/news/2016/08/only-four-in-10-find-new-homes-on-property-portals-451429/ - Which?

  • Kristjan Byfield

    Shock horror- the busiest month of the year for Lettings sees the highest number of listings. Look out for other insights such as 'correctly priced properties sell faster than over-valued ones' and 'people would love to get more and pay less'. I think I may start a clairvoyant agency on the side.

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