I was interested to read a recent report on the UK housing market advising that the seasonal slowdown in property supply was much sharper than usual in December. House Simple claims new property listings across the UK were down 46.9% in the month of December. Whilst I am not experiencing this kind of shortfall, December is always an unusual month given the festive period and the fact that most people will wait until January before they list their house on the market. I do think supply of housing stock will be critical in 2017 and I will be really interested to see what Quarter 1 listings are like as I think this will be a good indicator for the property market’s year ahead.
Partner – Head of Property