According to the latest market analysis from Rightmove, the number of new properties for sale in Great Britain is up by 8% in the last week compared to the same period in 2021 - with Bexhill-on-Sea, East Sussex, topping the list of new year supply hotspots.
Rightmove data reveals that the number of new sellers coming to market in Bexhill-on-Sea was up 88% on the same period in 2021.
High Peak, Derbyshire, came second in the list of new supply hotspots with an 82% increase in new sellers coming to market, while Chelmsford, Essex was third with a 58% rise in new properties for sale. The East Midlands, South East, South West, Wales and Yorkshire & The Humber all recorded an increase upwards of 10% in new homes for sale in the last week compared to the same period last year – an early sign of a better balanced market to come in 2022.
This new wave of sellers coming to market is set against a backdrop of continuing high buyer demand into 2022. Total buyer demand is up 35% within the last week compared to the same period last year.
Tim Bannister, Rightmove’s Director of Property Data, said: “The market has picked up pace after a busy festive period, and it’s a really encouraging sign to see more properties start to come to market for sale. More new listings, coupled with the higher number of requests from prospective sellers to estate agents to value their home we are seeing, certainly suggests good news and positive signs we are moving towards a better balanced market in 2022.
“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.”
