New property listings in London have fallen by 22.3 per cent in August.
Research by HouseSimple.com revealed that Richmond experienced the largest fall (down 42.2 per cent), followed by Kingston-upon-Thames (38.4 per cent) and Hounslow (38.1 per cent).
Only Bexley (17.4 per cent) and Sutton (8.4 per cent) saw an increase in property supply between July and August.
For the whole of the UK, new listings were down by 13.1 per cent month-on-month and 5.9 per cent year-on-year.
HouseSimple.com chief executive Alex Gosling said: “August tends to be a quiet month for property transactions and new sales instructions. Not surprisingly, supply fell substantially as the country went on its summer break.
“Few people will be concerned by the drop off in new listings between July and August. More of a concern is the 5.9 per cent drop off when comparing last month with the corresponding month in 2016. Supply continues to be a major issue.”
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