A look back at 2016

In the 17 years I have been in the industry I cannot remember a single year where there were so many changes:

While it is hard to quantify exactly the positive or negative effect of the above in the present or future market we can look at national Rightmove data to give us an idea. Rightmove represents approximately 65% of the property portal market so their statistics can paint a pretty accurate picture:

Competitive market?

RM office increase 2014-16

New instructions

RM new listings

RM weekly 2016 new listings

Where is the supply?

RM 2016 regional new listings

Available stock

RM available stock since Jan-15

Demand

RM 2016 phone and email leads

Conclusion

So what does this all mean?

What about Greater London’s 15% supply increase Year on Year you say?

Are there any opportunities in rest of UK?

RM geographical price change YOY

While there is no crystal ball you can see general patterns, especially what affect an increase or lack of supply has on rents nationally as well as peak market conditions.

Hopefully this will have been of use to you, feel free to contact me if you have any questions.


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If you need any assistance letting your property in Brighton, Hove, Kemptown and surrounding areas or if you just have some general queries please feel free to contact us on +44 (0)1273 862221 or lettings@bishopsullivan.co.uk

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Best Regards,

julian-sig

Julian Bishop

 

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