Numbers of new sales instructions jump 11% across the UK according to Home.co.uk

December 12, 2017

Latest Home.co.uk Asking Price Index report December 2017 released today headlines ‘Sales Supply Jumps as Rental Supply Falls.’

The headline section leads: The number of new sales instructions has jumped by 11% across the UK while the supply of rental properties has fallen by 16% (Nov 2017 vs. Nov 2016).

The report reveals that the London slump continues to weigh heavily on the national annualised growth figure, looking across the regions Home.co.uk continue to observe a complex mix of both improving and deteriorating markets.

Doug Shephard Director at Home.co.uk said: “So is the Private Rented Sector a large enough segment of the market that an exodus from Buy-to-Let could topple the housing market?

” Well, the sector has grown to around 20% of residential property ownership, so it’s certainly significant. Moreover, should the average landlord decide to sell one of every four properties in their portfolio in 2018, there would be 1.4 million more properties for sale. Such a number would clearly swamp the market (there are 0.4 million on sale currently) and cause home prices to crash.

“Of course, this is a vastly ‘overcooked’ scenario but it serves to make a point. Any sort of BTL exit will tip the market to the downside and the UK government should be monitoring the situation very carefully. Why? Because such a risk to the housing market would imperil the banks (again) and the wider national economic interest, especially post-Brexit.” more…..

Read the Home.co.uk Asking Price Index report December 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Letting Agent Talk

What Leaseholder Reform Really Means for Managing Agents

By Robert Poole, Director – Block Management, Glide Property Management, part of LRG The past decade has seen a growing focus on leaseholder rights, and in the last few years, that focus has intensified into full-scale reform. With the Leasehold and Freehold Reform Act 2024 now enacted and further measures under consultation, managing agents are…
Read More →
Breaking News

Mortgage approvals bounce back in September

The property industry’s reaction to the latest mortgage approval data from the Bank of England. The latest figures show that: – Mortgage approvals on house purchases for September sat at 65,944 up (+1.5%) from 64,963 in August. Approvals are up slightly (+0.5%) when compared to the 65,628 seen in September 2024. This increase shows stability…
Read More →
Estate Agent Talk

E-E-A-T and Beyond: What Google Really Wants From Your Website Content

When it comes to ranking in Google search, content quality isn’t just about good writing or clever keywords anymore. Google’s algorithms have become far more sophisticated, prioritising expertise, experience, authority and trustworthiness, a concept now commonly referred to as E-E-A-T. Understanding and implementing E-E-A-T is essential for anyone who wants their website to perform well…
Read More →
Letting Agent Talk

Added value for tenants: Simple improvements that can justify higher rent

By Allison Thompson, National Lettings Managing Director, Romans Although the rent you charge must be in line with local market rates, there will be a range of prices, and you want to be at the top end. Modern fittings and clean, fresh décor are a standard ‘must’, but what are the extra things you can…
Read More →
Breaking News

Breaking Property News 29/10/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   New joint venture to deliver purpose built housing for 1,500 students Valpre Capital and Katch Investment Group launch JV Platform delivering more student accommodation across the UK, the joint venture is set to deliver up to 1,500 student beds in the next few years Following…
Read More →
Breaking News

Homes on spooky street names like ‘bat’ and ‘hell’ sell for far above the national average

The Halloween street names that cost a fortune to live on A new study has determined which Halloween-themed streets are the most expensive to live on.  Streets with the word ‘bat’ in the name face an increase of 188.6% from the national average house price in the UK.  Streets that include the words ‘cauldron’ or…
Read More →