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Brexit Delay Boosted New Property Listings in April

Over half of UK towns and cities saw new listings from homeowners increase by as much as 70%

Over 57,700 homeowners listed their properties on the market in April, 0.8% more than in March

Property sellers used the latest Brexit delay announced on the 12th of April as an opportunity to market their homes, new research reveals.

In Housesimple’s latest Property Supply Index, some 57,710 new properties were listed on the market in April by homeowners, a 0.8% increase on March’s figure.

Nearly half (49%) of all major towns and cities across the UK saw a rise in new listings between the months.

However, in London, overall new property listings declined in April by 1.4%. But despite this, 4 in 10 boroughs in the capital saw new supply levels increase.

Stevenage, in the East of England, had the largest jump in new listings at 69.4%, followed by Salford in the North West (43.8%), Chichester in the South East (33.8%), and King’s Lynn in the East of England (33.3%).

Sam Mitchell, CEO of Housesimple, explained: “Homeowners wasted little time in marketing their properties once the new Brexit date was confirmed.

“There was inevitably a slight lull in market activity in early April, but activity has picked up noticeably since 12 April, and although we’ve seen a more subdued spring bounce than in previous years, under the circumstances, seller numbers are at healthy levels, particularly in the North.”

He continued: “Looking ahead, uncertainty will persist until there is more clarity around our future relationship with the EU, and naturally this will play on sellers and buyers’ minds.

“But it’s clear there are plenty of homeowners and home buyers who aren’t phased by Brexit and just want to get on with their lives.”

Separate research by Housesimple, titled “The Game of Homes”, revealed house price growth has historically been higher under Labour rather than Conservative governments.

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