The number of properties being placed on the market has dropped by a fifth since June 2015, with London being the worst affected. Property listings across Britain have fallen by a massive 20% in the last three months, but in London they fell by an even further 5% on this, according to the online housing estate agent HouseSimple.
Although it is quite normal for the housing market to reduce slightly throughout the summer period studies show that there are less and less properties being placed on the market which is causing property prices to significantly rise due to the shortage on the market.
UK CITIES WITH BIGGEST MONTHLY FALLS IN NEW PROPERTY LISTINGS
LONDON'S NEW LISTINGS BY BOROUGH - JUNE TO AUGUST
Sources: This Money
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