Twitter Facebook RSS FEEDS

North England sellers return to the market

Wednesday, 11 March 2009 3:33 PM

Sellers in the north of England have returned to the market in February, according to the property search engine Globrix.

Globrix says there was a 50.3 per cent increase in new instructions in February, with towns and cities in the north seeing the most new instructions.

In total, 91,659 new properties came onto the market last month compared to 60,978 new properties in January and 52,574 properties in December. The February figure was the largest number of new properties coming onto the market since April 2008.

Barnsley saw by far the largest percentage increase, of 476 per cent, in new instructions in February, with Norwich registering the second largest rise in new properties listed, at 320 per cent.

In terms of actual numbers, Manchester saw the most new instructions; registering 1,713 new properties in February compared to just 765 in January.

Daniel Lee, chief of Globrix, said: "Continued lending restrictions and general caution in light of the economic situation will prevent any sharp rise in transactions in the months ahead, but with mortgage rates very attractive for those with larger deposits and some of the major lenders committing to provide more loans, transaction numbers are likely to get stronger throughout 2009, albeit tentatively.

"The February spike will be due to a number of factors, including the usual spate of seasonal instructions in time for the Spring; an awareness on behalf of sellers that there is increased interest in the market and that they may now finally be able to achieve a sale; and desperate homeowners being forced to sell because they can no longer afford to keep up their mortgage repayments."

The top ten towns/cities in terms of percentage increase in new instructions from January to February, according to Globrix, were:

1. Barnsley

2. Norwich

3. Rotheram

4. Huddersfield

5. Bradford

6. Hull

7. Doncaster

8. Chester

9. Stockport

10. Leeds

Related stories

Homes for sale

Sellers return to UK housing market

February saw an encouraging jump in the number of homes for sale, but long-term stability could still be a way off.

 Prime London property

'Discreet' sellers return to London homes market

Prime London properties are fetching premium prices as an acute shortage fuels off-market sales in the capital.
Committed sellers boost housing market

Committed sellers boost housing market

Sales bounce back in August as sellers willing to price their homes realistically, says estate agent survey.

 Aerial view of England

More sellers reducing asking prices

Even properties over £1 million, where the market has been most resilient, have seen more asking price reductions.
Zoopla.co.uk allows home hunters to sort their property search results by those that have been reduced most in price.

More sellers sticking to their asking prices

Almost £3bn cut from original prices of homes but proportion for sale at a discount has fallen, says Zoopla.co.uk.

 Man hoovering property

The most common causes of deposit return hold-ups

Find out the most common reasons for landlords withholding all or part of a tenant's rental deposit.
Property sold sign

July sellers achieve at least 96% of asking price

July was a supremely successful month for one estate agent, with all of its properties going for 96% of the asking price or above.

 Halifax says low interest rates likely to keep house prices stable despite weak economy but warns of uncertainty over Eurozone. Image: Thinkstock

More of the same for housing market in 2012

Halifax says low interest rates likely to keep house prices stable despite weak economy but warns of uncertainty over Eurozone.

Housing market is 'great' for buyers and sellers alike

Housing market is 'great' for buyers and sellers alike

The property market is opening up for many people nd will hold relatively steady for the coming months, it is believed.

 House prices in market towns have risen by £1,000 a month on average over the last decade, say Lloyds TSB. Image: Thinkstock

Market towns enjoy £1,000 a month house price rise

Over the last decade house prices in market towns have risen by £1,000 a month on average say Lloyds TSB.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.