Get in touch

Speak to us now on live chat

Speak to someone on the phone

We can call you

Send us an email

Go Back

Call us today:

020 8115 4286

If you wanted to speak to a local expert, please go here to contact a specific branch.

Please provide us with the below details and one of our local experts will be in contact.

Please provide us with the below details and one of our local experts will be in contact.

All done

Thank you for providing us with your contact details, one of our local experts will be in contact.

Get in touch
  • Speak to us now on live chat
  • Speak to someone on the phone
  • We can call you
  • Send us an email
Go Back

Please provide us with the below details and one of our local experts will be in contact.

Go Back

Please provide us with the below details and one of our local experts will be in contact.

Go Back

Call us today:

020 8115 4286

If you wanted to speak to a local expert, please go here to contact a specific branch.

Go Back

All done

Thank you for providing us with your contact details, one of our local experts will be in contact.

Contact Today’s News : UK housing supply rises for first time in over a year

Fill in the form below to get in touch

Sales or Lettings enquiry

Your Details

We will use your data for the purpose of your enquiry. After we have responded, we would also like to send you emails with information on our other products and services, including our regular newsletter which contains special offers, property photos, hot topics and useful tips.
Please tick this box if you are happy to receive this and remember you can change your preferences at any time. If you would like to know more about how we use your data please visit our Privacy Notice here

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Contact Brentford area

Fill in the form below to get in touch

Your Details

We will use your data for the purpose of your enquiry. After we have responded, we would also like to send you emails with information on our other products and services, including our regular newsletter which contains special offers, property photos, hot topics and useful tips.
Please tick this box if you are happy to receive this and remember you can change your preferences at any time. If you would like to know more about how we use your data please visit our Privacy Notice here

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Property Search Request Valuation
Search
Call us 02080225147

Today’s News : UK housing supply rises for first time in over a year

UK housing supply has risen for the first time in over a year, as the market continues to face a rush of buyers.
Stock levels rose to 46 properties per branch, up from 44.5, in January 2016, according to the latest survey from
the Royal Institution of Chartered Surveyors. The increase was largely concentrated in London where a significant
lift in properties coming to the market was recorded in January (a net balance of 58 per cent more respondents
noted an increase).

Supply, though, still remains 21 per cent down compared to a year ago, as the country still faces a shortfall in the
number of homes on the market – a fact that has both driven capital growth for homeowners and also driven a
generation into the private rented sector, where yields have been strong for landlords.

Now, though, buy-to-let seems to have fallen out of favour with the UK government, with a stamp duty surcharge
being introduced for all second home purchases from April 2016. As a result, landlords are rushing to buy
property ahead of the deadline, which is helping to push prices up (49 per cent more surveyors reported prices to
have risen in January). Looking ahead, house prices are projected to rise further over the next 12 months, with 72
per cent more contributors expecting prices to increase rather than fall.

74 per cent of respondents expect there to be an increase of purchases by buy-to-let investors prior to the
changes. Indeed, buyer enquiries rose for the 10th month in a row in January, with the pace of growth in enquiries
accelerating for a second consecutive month.

As activity in the housing market gathers pace overall, agreed sales have risen over the month at the fastest
pace since April 2014.

Simon Rubinsohn, Chief Economist for the RICS, welcomed the rise in new instructions as “very welcome.”
“However, with buy-to-let investors rushing to get into the market ahead of the stamp duty hike,” he added, “the
near-term pressure on prices is intensifying despite a higher level of supply.”

Number of new buyers in London on the up

The number of new buyers registering in January 2016 was 24 per cent higher than in the same month in 2015,
as buyers and renters hunt for one-bedroom homes, according to estate agent Marsh & Parsons latest London
Property Monitor.

Outer Prime London areas are experiencing the highest New Year demand from interested buyers, with Barnes
and Bishops Park seeing among the strongest rises in the number of buyers registering locally to buy property.
However, this sudden surge in demand for Prime London properties is contrasting with a severe shortage of
housing stock in the capital. The supply of homes in Prime London fell 12 per cent year-on-year in the last three
months of 2015. This has led to intense competition to own a home in the capital, with 13 buyers for every
property in Prime London at the end of last year.

“The London property market has begun 2016 with a spring in its step,” says Peter Rollings, CEO of Marsh &
Parsons. “The New Year always tends to bring a resurgence in purchase activity, as buyers shake off the last of
the Christmas holiday haze and re-focus their attention on climbing up the ladder. But the figures were currently
seeing are strong even by those standards.

Eight spectacular properties to watch out for this autumn Read More
South London sees high levels of tenant demand Read More
An exceptionally busy lettings market throughout London Read More
What should cohabiting couples consider before buying a property? Read More
Hammersmith Bridge reopens to pedestrians Read More
What are the changes to the Right to Rent legislation? Read More
What does the lettings market for family homes look like in central London? Read More
Exceptional demand for family homes in south London Read More
London sales market set for one of the busiest summers on record Read More
Nine of the most luxurious homes on the market Read More

Marsh & Parsons is registered in England (Company No. 05377981) Registered office address: 80 Hammersmith Road, London, W14 8UD (VAT No. GB 842 7959 83) | Copyright © Marsh & Parsons 2018

Client Money Protection is provided by Propertymark. The redress scheme for Marsh & Parsons is The Property Ombudsman Scheme. Calls may be recorded and/or monitored for training and/or data protection purposes. We are members of The Property Ombudsman (TPO), there to protect your interests. We abide by the TPO code of conduct.

We may refer you to recommended providers of ancillary services such as Financial Services and Insurance. We may receive a referral fee for recommending their services. You are not under any obligation to use the services of the recommended provider, which may also be an associated company of Marsh & Parsons.