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

Breaking News

More than half of ‘Mumlords and Dadlords’ give rent back to help children buy their first home

54% of parents return some or all of the rent paid by their adult children to help them save for a deposit Just over a third say their children are living at home specifically to save for a house deposit; 45% say they feel like a landlord to their own child Parents charge £303 a…
Read More →
Breaking News

The First-Time Buyer Reality Shock

The First-Time Buyer Confidence Gap: 90% Feel Prepared, 71% Get an Unpleasant Surprise The First-Time Buyer Anxiety Index unveils a major ‘confidence gap’ which leaves first-time buyers unprepared for the realities of getting on the property ladder. Nine in 10 first-time buyers believe they are prepared and understand the home buying process before they begin…
Read More →
Breaking News

£50k hit when climbing the property ladder

The average homeowner in England faces an estimated £15,513 in associated costs when upsizing their home, according to the latest research by Yopa. However, in London this figure climbs as high as £47,704. The full-service estate agency analysed the estimated cost of upsizing across England, based on selling an average flat or terraced home and…
Read More →
Estate Agent Talk

Conveyancing causes more stress than property chains

The latest research by Lyons Bowe has found that 42% of recent homebuyers say conveyancing is the biggest barrier to a smooth property transaction, compared with just 19% who point to property chains. The survey of 1,000 recent homebuyers* examined which aspects of the transaction process had presented the biggest barriers to a smooth journey,…
Read More →
Rightmove logo
Breaking News

Britain’s most competitive summer rental hotspots

New analysis from the UK’s largest property platform Rightmove has revealed the areas where renters faced the strongest competition this summer, with several North West towns emerging as the toughest places to secure a home Wallasey and Birkenhead in Merseyside were Britain’s joint most competitive rental market during July and August, with an average of…
Read More →
AI in estate agency letting agency property
Letting Agent Talk

The 5 tasks lettings agents won’t trust to AI

AI must make lettings more human, not less, and that requires real rental intelligence. The latest research from Propoly has found that letting industry professionals see a clear role for AI in property management, but are reluctant to let it operate without human oversight, particularly when decisions involve people, complex circumstances or potentially significant consequences. Propoly…
Read More →