The number of houses being put up for sale in the UK reached 72,593 in October, a 5.5% drop on the previous month's figure of 68,598, according to data from Housesimple.com. It revealed that, across 100 towns and cities, new stock levels had dropped by 59.7%, while the traditional pre-Christmas rush to move house had "not materialised". Sam Mitchell, CEO of Housesimple.com said Brexit, interest rate hikes and negative news of house prices had "spooked" homeowners.
The number of houses being put up for sale in the UK reached 68,598 in October, a 5.5% drop on the previous month's figure of 72,593, according to data from Housesimple.com. It revealed that, across 100 towns and cities, new stock levels had dropped by 59.7%, while the traditional pre-Christmas rush to move house had "not materialised". Sam Mitchell, CEO of Housesimple.com said Brexit, interest rate hikes and negative news of house prices had "spooked" homeowners.