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Double the supply of new properties in January

February 15th 2017
By: Melanie
Double the supply of new properties in January

Over the past few years the housing market has been blighted by lack of supply however, new figures just released show that 27% of UK towns and cities experienced a double rise in new property listings compared to December 2016.

The number of new houses listed across the UK in January was up by 93.3% month on month, with twice as many properties coming onto the market in London.

Taking a look at the 2017 market as a whole we see this new supply as a step in the right direction.  House prices are looking to keep going up this year across the UK with an average increase of 3%. Towns in the Home Counties such as Saffron Walden, Bishop’s Stortford, Stansted and Royston remain very popular places for commuters traveling in and out of London, so the fact that there are more available places to buy this year will result in a buoyant market for both sellers and buyers.

If you would are considering selling or buying this year, why not check out some of the property guides available on the Intercounty website.

Source: * http://www.propertywire.com/news/uk/new-property-listings-key-uk-towns-cities-almost-doubled-january/