Huge increase in new properties on the market in September

PUBLISHED: 15:05 06 October 2017

There was a spike in new property listings country-wide during September

There was a spike in new property listings country-wide during September

Bubbers13

More sellers listed their properties in September than in any other month in the last two years, according to latest research.

New listings were up by a fifth (20.2 per cent) compared to August, according to the latest Property Supply Index compiled by online estate agents HouseSimple.com.

The Index analysed new properties marketed in more than 100 major UK towns and cities and found that the biggest supply increase was in Oxford (71 per cent), while the largest drop was in Luton (48 per cent).

New property supply throughout the capital increased by 44.4 per cent, while Kensington and Chelsea was the London borough with the biggest increase in listings – 108.5 per cent.

St Albans wasn’t included in the study, but Stevenage saw a 13 per cent increase in supply in September (though August saw new property listings fall 15.9 per cent from July).

Country-wide, two thirds (65.6 per cent) of towns and cities saw an increase in the number of new properties taken on by estate agents in September compared to the previous month.

Alex Gosling, CEO of HouseSimple.com, said: “Although there was a big rise in new property listings last month, we’ll have to wait and see if this pick-up is nothing out of the ordinary after the summer lull in activity, or if sellers have finally got the bit between their teeth.

“It feels like home sellers have had the post-Brexit, post-General Election blues and maybe September is the first sign that they have shaken them off. Although we are still no clearer as to how a post-Brexit Britain might look, enough time has passed since Article 50 was triggered, and the country hasn’t plummeted into recession.

“Property prices have remained reassuringly stable and that has probably given sellers the confidence boost they needed to re-engage with the market.”

Related articles

Latest South Hertfordshire Property News

Friday, December 8, 2017

Piccotts End is an attractive village on the north-west edge of Hemel Hempstead.

Read more
Thursday, December 7, 2017

Staff from Aitchison Raffety are giving back to the local community over the festive period, donating gifts to three charities.

Read more
Thursday, December 7, 2017

Nick Doyle from Aitchisons tells us what to expect between now and the New Year.

Read more
Wednesday, December 6, 2017

From statement card displays to tinsel tutorials, here’s how you hit the decs in style this Christmas.

Read more
Wednesday, December 6, 2017

This attractive detached family home is located on one of St Albans’ most prestigious residential roads, adjoining a wooded conservation area.

Read more
Tuesday, December 5, 2017

Last week’s feature about Christmas trees and how to choose the best one for your home had me experiencing the very opposite of festive good cheer.

Read more
Monday, December 4, 2017

Alastair Woodgate, of leading chartered surveyors Rumball Sedgwick, asks whether the Chancellor’s proposals are likely to bring any real change to the local housing market.

Read more
Monday, December 4, 2017

With its chocolate box cottages and picturesque rural setting, Ayot St Lawrence is an idyllic Hertfordshire village best-known for its links to playwright George Bernard Shaw.

Read more
Friday, December 1, 2017

This well presented four bedroom character home is ideally located in central St Albans, close to the city centre, good local schools and the mainline station into central London.

Read more
Friday, December 1, 2017

Bigger the better might seem like a good idea when it comes to choosing a tree, but squashed-in probably isn’t the look you’re really hoping for.

Read more
Thursday, November 30, 2017

Recent reports in the national press have revealed that developers are selling an increasing amount of leasehold houses with escalating ground rent provisions which can increase the cost of purchasing the freehold in the future. In turn this can make the property difficult to sell or mortgage.

Read more
Tuesday, November 28, 2017

An idyllic village perfectly situated between Watford and St Albans, Bricket Wood is an area steeped in history, offering a unique mix of woodland, wildlife and community.

Read more
Monday, November 27, 2017

Stamp duty grabbed the headlines this week, with the news that first-time buyers would no longer have to pay tax on properties worth up to £300,000.

Read more
Friday, November 24, 2017

All 11 apartments at the new London House development on London Road, St Albans, are now occupied – one of them by the original landowner.

Read more
Friday, November 24, 2017

£1m won’t buy you an enormous mansion in our part of Herts, but decent-sized family homes remain within reach. Richard Burton looked at what Wheathampstead, St Albans and surrounding areas offer buyers with a budget at around the million-pound mark.

Read more
Thursday, November 23, 2017

The Gabriel Square development in central St Albans has picked up two prestigious industry awards.

Read more
Thursday, November 23, 2017

Chancellor Philip Hammond’s decision to scrap stamp duty for first-time buyers paying up to £300,000 for a property has met with a mixed response.

Read more
Wednesday, November 22, 2017

Located in an enviable position in the heart of the pretty village of Essendon, this historic Grade II listed detached family home boasts a wealth of character from several periods.

Read more
Tuesday, November 21, 2017

Banks and building societies have started announcing how they plan to apply the base rate rise to their products - but what does this mean for savers and borrowers?

Read more
Tuesday, November 21, 2017

Helping your home looks its best when the weather’s woeful can be challenging - but there are steps you can take to make your property more sellable.

Read more
Monday, November 20, 2017

I’ve written before about my inability to get rid of random things I no longer need but can’t quite bring myself to part with. My tower of music papers from the ’90s, for example, or the suitcase full of dodgy second-hand clothes from that same decade. Then there’s the books. So many books.

Read more
Friday, November 17, 2017

St Albans homeowners are being urged to bring their price expectations in line with the current climate in order to secure a swift sale.

Read more
Friday, November 17, 2017

Following the closure of two mental health hospitals in the 1990s, the Highfield area of St Albans has evolved into a safe, suburban neighbourhood that is hugely popular with families.

Read more
Thursday, November 16, 2017

Whether you’ve stopped buying paper books or can’t stop buying them, you’ll probably have some overflowing shelves somewhere in your home. What should you do if your collection’s taking up too much space?

Read more
Wednesday, November 15, 2017

Positioned on a private and secluded plot, this imposing family home offers substantial and impeccably-presented accommodation arranged over four floors.

Read more
Wednesday, November 15, 2017

From pumpkin farms to fallen leaves, our columnist has been enjoying all that autumn has to offer...

Read more
Tuesday, November 14, 2017

We’re a nation of landline-using, bathroom carpet-owners who haven’t updated our homes in years, new research has revealed.

Read more
Tuesday, November 14, 2017

As any country-wide property-watcher can confirm, most parts of The North are vastly more affordable than Hertfordshire. Having just spent a lovely weekend in Leeds, I’m wondering why.

Read more
Monday, November 13, 2017

A house in St Albans was one of Zoopla’s most viewed property listings during October.

Read more
Friday, November 10, 2017

Situated to the north-west of Harpenden, Kinsbourne Green is a peaceful hamlet with its own distinct identity.

Read more

HERTS AD PROPERTY E-EDITION

Image
Read the Herts Ad Property e-edition E-edition

NEWSLETTER SIGN-UP

Get the latest St Albans and Harpenden property news and features straight to your inbox with our regular newsletter

I am also happy to receive other emails...
Fields marked with a * are mandatory
Email Marketing by e-shot

MOST READ

search


e.g. Oxford or NW3
Powered by Zoopla

Local business directory

Hertfordshire's trusted business finder