Property supply falls in the UK during October
By |Published On: 3rd November 2016|

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Property supply falls in the UK during October

By |Published On: 3rd November 2016|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

New research has revealed that four out of five UK towns and cities saw a fall in property supply during October.

Data from the report by also shows that the number of new listings were down by 6.9%.


During September, supply levels increased after the summer’s traditional lull. In October however, new listings slipped in a huge 81% of towns and cities.

The greatest falls were recorded in Swansea and Stirling, where property listings fell by 52% and 37.7% respectively on the previous month.

In order to complete the Index, HouseSimple looked at data from more than 500,000 listed properties to track the number of new properties coming to market in over 100 towns and cities. In addition, the survey looked at all London boroughs.

The table below indicates where the sharpest falls in new listings in UK towns and cities were recorded during October:

Town/City Region % fall in new listings in October vs. September
Swansea Wales -52%
Stirling Scotland -37.7%
Stevenage South East -36.4%
Winchester South -35.7%
Carlisle North West -34.7%
Hereford West Midlands -33.3%
Torquay South West -31.8%
Solihull West Midlands -31.3%
Chelmsford East -30%
Perth Scotland -30%


Property supply falls in the UK during October

Property supply falls in the UK during October


Alex Gosling, CEO of online estate agents, notes: ‘At this time of year we’d expect to see committed sellers rushing to put their properties on the market before the traditionally quieter period kicks in as we get closer to Christmas. The weather has also been unseasonably mild recently, and that should be encouraging sellers to list their houses as it presents an opportunity to show off their property in the best possible light.’[1]

‘Instead, we have seen new listings stall in October, with supply down in four out of five UK towns and cities. This might simply be a correction after September saw a surge in new properties coming onto the market and the overall drop in property supply is still less than 2% in October compared to September,’ he continued.[1]

Looking forwards, Gosling observed: ‘We may need to wait until the New Year now to see market activity pick up. But there will always be people that have to sell their properties in November and December, and that could mean opportunities to negotiate a good deal for buyers who have their finance in place and are ready to proceed.’[1]



About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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