Revealed: the London boroughs beating the supply squeeze

As London‘s housing market struggles with the ongoing supply crisis, exclusive data reveals Wandsworth has the most homes for sale with 5,178 on the market now. The area with the second most available vailable properties is Barnet with 4,799, followed by Croydon (4,774) and Westminster (4,439), according to figures compiled for Homes & Property by TwentyCi.

At the other end of the scale, Barking and Dagenham has only 1,491 properties for sale while Islington has 2,147.

The UK is battling a severe supply ly crunch with the number of properties rties on agents’ books down by a third compared to pre-pandemic levels. A recent survey by Savills found that nine in 10 aspiring home buyers say that the continued shortage of stock available to buy is stopping them from moving. According to the agent, 431,000 homes were available to buy at some point last month, 218,000 below the level in the same month three years ago.

In London, stock supply levels are better than other areas but are still five per cent where they were in 2019. Savills said part reflects the high number flats for sale in the capital, which during the pandemic were far more difficult to sell.

Giles Barrett, head of sales at Domus Nova, an agent covering Kensington and Chelsea, said: What we are seeing is a particularly high demand, and therefore shortage, in more spacious, family houses with gardens, particularly in popular residential areas with ‘golden postcodes’ such as Notting Hill.”

Barrett added there was also a very active ‘off-market’ scene where special properties aren’t advertised on the mainstream market.