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Rise in properties listed for sale in January: Housesimple

Properties listed for sale increased 64 per cent from December to January, according to Housesimple.

The number of new properties listed in December was 31,825, which rose to 52,207 in January.

Hastings was recorded as the largest increase outside of London at 212.1 per cent, followed by Southend-On-Sea at 191.7 per cent and Torquay at 178.3 per cent.

In addition, the data shows properties listed on the market in London rose 70.6 per cent within the same time frame, increasing from 12,709 to 21,677 properties.

Bromley increased the most, up 270.6 per cent from December to January, followed by Havering at 107.8 per cent and Redbridge at 104.1 per cent.

Housesimple chief executive Sam Mitchell comments: “We would normally expect to see activity pick up in the New Year, but no-one was quite sure how sellers and buyers would react to the amplified Brexit uncertainty in January.

“In the end, it proved to be a busy month for sellers in particular, and even with the distraction of the Commons vote mid-month, homeowners were keen to make up for lost time.

“We are seeing a ‘life goes on’ attitude amongst homeowners, and many view the current political climate as an opportunity to market and secure a sale while there is less competition around.”

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