New listings for August down 6% on last year across the UK
New property listings in the UK in August fell nearly 6% compared to August 2016, according to new figures from the website Home. Transactions in the second quarter of 2017 fell by 12% on an annual basis across England and Wales, and totals for the year have fallen to the lowest since 2009/10, with just 844,380. The figure for August showed a 13.1% fall from July, with Coventry, Winchester and Salford recording the sharpest falls. London listings were down by 22.3%. The figures have raised fresh concerns about housing supply.

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New listings were down last month by almost 6% on August the year before, and down 13.1% on a monthly basis.

Analysis of new listings on website Home has shown that in 100 UK towns and cities, supply dropped on a monthly basis in two thirds of places.

The biggest falls were in Coventry (down 33%), Winchester (31%), Salford (28.5%) and Oxford (25.6%).

In London, supply was down 22.3%, with the highest monthly fall in Richmond at 42%.

The analysis was done by HouseSimple, whose CEO Alex Gosling said: “Few people will be concerned by the drop-off in new listings between July and August.

“More of a concern is the 5.9% drop-off when comparing last month with the corresponding month in 2016. Supply continues to be a major issue.

“The property market needs a strong September after a subdued period since the general election.”

The Land Registry has said that transactions in the second quarter of this year fell 12% on an annual basis across England and Wales. In the 12 months to the end of the quarter, there were 844,380 transactions – the lowest since the same period in 2009/10.