Online estate agents Housesimple.com has reported an 18 per cent rise in new properties coming to market in September totalling 72,593 – a rise from 61,472 in August. Although this supply boost can be attributed partly to the previous lull over the summer period, the number of new properties marketed was also up 6.2 per cent on September 2017. London saw a huge 45.5 per cent increase in new listings in September, more than twice the UK average. In fact, every London borough saw at least a 20 per cent rise in new property supply in September, with Kensington & Chelsea, an area favoured by foreign investors, recording a huge 96.1 per cent increase in new listings last month.

Sam Mitchell, CEO of online estate agents HouseSimple.com, said: “It’s not so much a case of beating the Brexit rush for the door, but more life has to go on. People will always need to move whatever is happening in the housing market and wider economy. And there seems to be more of an acceptance now amongst sellers that they need to price more realistically to attract a buyer. This sensible and measured view is helping to push through more sales which wasn’t the case before the summer.”