South East dominates ‘positive start’ to 2023 for property market

The South East of England has been the dominant region across the board this month for instructions, sales agreed and exchanges being completed, according to TwentyCi.

Figures from the property data company as of 19 January shows there are 472,341 properties currently on the market across the UK, while there are 376,518 homes sold subject to contract (SSTC) and 269,404 property sales were completed during the past three months.

The South East continues to be the busiest with 74,971 new instructions during January, TwentyCi said, followed by Inner London with 54,332 and the North West with 50,515 new listings. 

The region with the least number of properties coming onto the market is Northern Ireland with 8,529 new instructions, followed by the North East, which had 16,868.
 

The South East also currently has the most properties listed as SSTC, with 63,035, followed by 42,353 in the East of England and 41,305 in the South West.

Northern Ireland saw the least activity, with 11,314 properties listed as SSTC.

The most completions took place in the South East, with 43,455. This was followed by the East of England, which had 28,819 completions and the North West, with 28,424 completions.

TwentyCi said on its Homemover Pulse blog: “While the South East continues to be incredibly strong across the board, this has been a positive start for the entire UK property market in 2023.”