The worst-hit areas of the property market freeze so far

April 21, 2020

Last week GetAgent.co.uk released its interactive real-time dashboard of how the market is performing under the pressure of a pandemic and the lockdown, both nationally and at postcode level.

The estate agent comparison site has now released data looking into which areas of the UK have been hit the worst, based on the reduction of property stock hitting the market as online listings when comparing pre and post lockdown listing figures.

GetAgent.co.uk found that the worst-hit area has been Woking, where there were some 337 total property listings posted in just over a month prior to lockdown. In the short time since, this has fallen to a total of just 18 new listings, a reduction of -95%.

East Renfrewshire, East Dunbartonshire, Three Rivers (-94%) and Ely (-93%) are also amongst the areas to see the largest decline in property stock hitting the market.

Hillingdon and Bromley have been the worst hit London boroughs with a drop of -91%.

Not everywhere has been hit as hard though.

West Lancashire (-26%), Greenwich (-29%), Blaenau Gwent (-31%), Guildford (-45%), Monmouthshire and Liverpool (-47%) have seen less than a 50% reduction while the level of stock still hitting the market also remains fairly robust.

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Letting Agent Talk

Dispelling the top five biggest letting agent myths

By Sophie Danes, Group Director of Property Management, Lomond   This year has seen the introduction of the seismic Renters’ Rights Act (RRA) as well as other changes affecting the private rented sector (PRS) coming into force, such as the rollout of Making Tax Digital (MTD). As a result, more than ever before, there is…
Read More →
bank of england interest rate
Breaking News

Bank of England Holds Interest Rates at 3.75%

Colleen Babcock, property expert at Rightmove says: “There’s stability for now as the Bank of England holds its Base Rate as widely expected. We’ve seen average mortgage rates increase over the last few weeks as geopolitical tensions have escalated, and the average two-year fixed rate is currently coming it at 5.11%. For broader context, this…
Read More →
New Builds 2020
Breaking News

Average new-build value to surpass £400,000

The latest research from UK Property Development has found that the average price of a new-build home in England is on course to exceed £400,000 by 2027, having risen steadily over the last decade alongside sustained growth across the wider British market. The research analysed average new-build house price data across Great Britain and its…
Read More →
Breaking News

Money and Credit – June 2026

These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals increased to £7.7 billion in June, from £3.3 billion in…
Read More →
Breaking News

Price of a sea-view home up 27% since 2019

The average asking price for a home with a sea-view in Great Britain is £298,810, up from £235,635 in 2019 (+27%) Average sea-view asking prices have risen by more than 50% since 2019 in both the East Midlands and Yorkshire & The Humber The South East remains the most expensive region for a sea-view home…
Read More →
Breaking News

14.6% fewer farms in England

The latest analysis by LandSale has found that the number of agricultural holdings in England has fallen by 14.6% since 2005, highlighting the continued restructuring of the farming sector as some landowners exit the industry and others consolidate their operations. LandSale analysed the latest UK Government agricultural holdings data, comparing the number of total holdings and…
Read More →