The UK’s larges property site Rightmove has shared the new year supply hotspots where the number of new properties coming to market have surged. At the end of last year, demand was outstripping supply the tuner of homes for sale falling to record lows. Estate agents had an average of 14 properties on their books, according to research from Rightmove in December.
The platform said this was the lowest level of homes for sale per estate agent branch since its records began in 2004.
Now, it seems new housing supply is gaining momentum with one area in particular seeing new properties coming to market nearly double that of the same period last year.
Bexhill-on-Sea in East Sussex has seen the number of new sellers coming to market increase by 88 percent compared to the same period in 2021.
The tranquil seaside town is located near Eastbourne and Brighton, and is a great spot for London commuters with the capital just one hour and 40 minutes away via train.
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“These new sellers will be met by plenty of eager buyers, as the data shows the number of enquiries for homes for sale is even higher than this time last year.
“This means that while rising numbers of new homes for sale will be very welcome, buyers will face stiff competition for available properties, and should act fast when a property they like comes onto the market.”
New supply hotspots:
1. Bexhill On Sea, East Sussex
2. High Peak, Derbyshire
3. Chelmsford, Essex
4. Burton-On-Trent, Staffordshire
5. Sutton Coldfield, West Midlands
6. St. Albans, Hertfordshire
7. Nuneaton, Warwickshire
8. Shrewsbury, Shropshire
9. Leigh-On-Sea, Essex
10. Bradford, West Yorkshire
11. Fareham, Hampshire