Property listings down in June

Ryan Bembridge

July 4, 2019

The number of new property listings across the UK fell by 1.9% in June 2019, the property supply index by Housesimple has found.

Last month 61,755 new properties came onto the market, down from 63,001 in May 2019.

The biggest falls were in the South East and South of England, where new listings fell by 11.1% and 8.7% respectively in June 2019.

Meanwhile they rose by 3.92% in the North West and 2.03% in London.

Sam Mitchell, chief executive at Housesimple, said: “Although new property supply fell slightly in June, new listings still exceeded 60,000 for the second month in a row, as new sellers took advantage of the better weather and reduced Brexit uncertainty to market their properties.

“The North-South divide has long been a feature of the UK property market, reflected in both property supply and prices to show the consistent growth of northern regions.

“Albeit marginal, the fact that house prices continue to climb overall demonstrates the resilience of the UK property market and reflects the more favourable economic factors including low unemployment and low interest rates at present.

“We’d expect to see momentum continue in July before slowing during August, as people go away for their summer holidays. However, savvy sellers can still benefit from listing their property during high summer, as they face less competition for buyers.”

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