Bexhill-on-Sea tops new year supply hotspots

Love or Hate Rightmove
  • Bexhill-on-Sea, East Sussex, has topped the list of new year supply hotspots – areas where more new properties are coming onto the market for sale than the same period last year
  • The number of new properties coming to market for sale in Bexhill-on-Sea is nearly double that of the same period last year (+88%)
  • High Peak, Derbyshire is second on the list of new supply hotspots (+82%), and Chelmsford, Essex is third (+58%)
  • As the January seller rush gains momentum, 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

New data from the UK’s biggest property website Rightmove reveals that Bexhill-on-Sea is the new supply hotspot in January, with the number of new properties coming to market nearly double that of the same period last year.

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.

As the January seller rush gets into full swing, the number of new listings coming to market for sale is gaining momentum.

In the last week, the number of new properties for sale is up 8% in Great Britain compared to the same period last year.

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.

 

Rightmove’s Director of Property Data Tim Bannister 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.”

New supply hotspots

Location Region Average Asking Price Increase in new properties for sale vs Jan 2021 Increase in average asking price YoY
Time to find a buyer (days)
Bexhill On Sea, East Sussex South East £342,265 +88% +13% 35
High Peak, Derbyshire East Midlands £278,672 +82% +6% 39
Chelmsford, Essex East of England £407,200 +58% +8% 42
Burton-On-Trent, Staffordshire West Midlands £200,785 +54% +8% 29
Sutton Coldfield, West Midlands West Midlands £389,744 +37% +7% 43
St. Albans, Hertfordshire East of England £629,000 +36% +6% 40
Nuneaton, Warwickshire West Midlands £214,302 +32% +9% 24
Shrewsbury, Shropshire West Midlands £266,727 +31% +8% 30
Leigh-On-Sea, Essex East of England £442,610 +29% +11% 27
Bradford, West Yorkshire Yorkshire and The Humber £150,975 +26% +9% 42
Fareham, Hampshire South East £362,148 +23% +11% 30

Regional new supply

Region Average Asking Price Change in new properties for sale vs Jan 2021 Time to find a buyer (days)
UK £341,019 +8% 39
East Midlands £266,725 +10% 37
East of England £396,135 +9% 39
London £629,286 +4% 63
North East £165,277 +4% 40
North West £228,866 +7% 39
Scotland £162,415 +5% 27
South East £450,918 +10% 41
South West £359,201 +12% 32
Wales £230,813 +10% 37
West Midlands £262,825 +8% 37
Yorkshire and The Humber £214,988 +12% 36

 

Rightmove

UK Property news updates shared directly from Rightmove PLC - the country's leading property portal.

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