Recent research carried out by Move with Us has identified that the number of new properties for sale has decreased, with 60% of UK estate agents seeing a reduction in new property numbers. On average they have seen them dip by a quarter in an annual comparison. Agents in East Anglia have even seen a drop of 45%.

Stats from home.co.uk, also show that in an annual comparison the number of new properties for sale has dropped by 10% in Britain, with the largest drops in the stronger markets of London (-18%), East Anglia (-15%) and the South West (-16%). In a seven year comparison, the number of new properties for sale in the whole of Britain has dropped by an astounding 59%. From a regional point of view the dip was greatest in Greater London (-71%). This was followed by East Anglia at (-69%) and the South East at (-66%).

Simon King, managing director of the Move with Us Partner Network commented: “It’s likely the number of new properties coming to market will remain static for the foreseeable future. Although this puts sellers in an advantageous position, it increases competition amongst buyers.”