There are many issues which need to be considered when reviewing the property market and listings but the availability of property matters. No matter whatever else is happening in the market or how many buyers have an interest in purchasing property, if there are not enough homes on the market, prospective buyers are going to be disappointed. It is a lack of housing that has helped to push up property prices in the UK in the past decade and there are continual calls for more housing to be delivered. At Brixton Property Blog, we understand the frustration of people looking to buy homes only to find that there is nothing suitable for them.

According to the Property Supply Index provided by HouseSimple, there was a 20% increase in properties being listed in February of 2018 compared to the previous month’s figures. The number stated by the company suggests that that for February 2018, there was 67,182 new estate agent listing, which was a notable rise on the 56,041 experienced in January of 2018. There was also an increase in figures for February 2018 compared to February 2017, but this was just a 2.5% rise.

Even the London market showed signs of positivity and growth in February 2018

The London property market tends to stand apart from the rest of the UK, but there was an increase in the capital in February 2018 too. The January figure for new listings was 24,004 and in February, the figure was 27,573. This may have been an increase at less than the UK average, but it is still movement in the right direction. Of course, some parts of London performed better than the average with Lambeth, the London Borough where Brixton is found, experiencing a 28.8% increase in the rise of new sellers between January and February. This was the second largest increase in the capital, with only Barking & Dagenham experiencing a stronger increase.

There is no denying that there is a need for new property stock in the United Kingdom. This announcement hopefully suggests that the market is moving in the right direction and this may convince some property owners that the time is right to list their home.

The UK property market needs new homes

Of course, there is sometimes disagreement over figures relating to the marketplace. While HouseSimple suggests that the number of listings in January and February of 2018 has been positive, Nationwide disagreed with respect to January. The first month of the year saw house prices rise in the United Kingdom with Nationwide attributing this rise to a shortfall in the supply of homes being placed on the market. Both companies agreed that December of 2017 was a particularly challenging month for property, but it should be remembered that December is often a challenging month in the property market. With so many distractions in the final month of the year, it is easy to see why many property owners decide against getting involved in the market at this time.

If you are looking to make your next move in the Brixton property market, it makes sense to call on the experts. Get in touch with Brixton Property Blog for the best guidance and support, no matter what you are looking to do.