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Below Supply Index, January 2026
On this newest version of the OnTheMarket Below Supply Index, we observe the place UK (excluding Northern Eire) properties on the market and lease acquired a suggestion the quickest and the place it took the longest to succeed in a suitable supply.
The ultimate quarter of 2025 could have seen the UK property market ease off the accelerator, with patrons pausing forward of the Autumn Finances and exercise naturally slowing over the festive interval, however that didn’t cease some areas from powering forward.
Out newest Below Supply Index reveals the place properties moved quickest in This fall, primarily based on the variety of days it took for a property to succeed in Offered Topic to Contract (SSTC) or let agreed.
UK gross sales market
Wigan takes the crown
Main the way in which nationally was Wigan, which climbed six locations compared to Q3, to grow to be the fastest-moving gross sales market within the UK. Properties there reaches SSTC in a median of fifty days. In the identical interval in 2024, northampton was the quickest property market the the identical common of fifty days.
Shut behind Wigan had been Norwich (51 days) and Burnley (52 days), adopted by Luton in fourth place, reaching SSTC in 54 days. Aldershot and Swindon tied for fifth place, each taking 56 days.
Compared to This fall in 2024, solely three areas stay within the prime 10. Norwich rose from sixth to second whereas Sheffield rose one place to eighth and Manchest stayed at quantity 10.
London Gross sales market
Outer boroughs prepared the ground
Throughout the capital, Waltham Forest and Bexley emerged as London’s fastest-moving gross sales markets, with properties taking a median of 58 days to succeed in SSTC. They had been adopted by Hacnek, Barking & Dagenham and Havering, all taking a median of 60 days.
Many of the prime 10 in This fall 2025 are acquainted, with six London boroughs beforehand showing within the record in the identical time interval in 2024. Whereas the order has modified, Bexley, Newham, Havering, Kingston-upon-Thames, the Metropolis of London and Redbridge have remained among the many fastest-moving gross sales markets.
In distinction, central London bottoms out the index. Lambeth noticed the slowest-moving gross sales market in London, with properties taking a median of 73 days to succeed in SSTC. Westminster, Southwark and Wandsworth had been shut behind at 71 days.
UK rental market
Rental demand stays robust in key regional markets
Within the rental market, Burnley as soon as once more stood out, with properties reaching let agreed in a median of simply 19 days, making it the quickest within the nation and considerably faster than its equal within the earlier 12 months, when Plymouth took 23 days to succeed in let agreed in 2024.
Sturdy demand was additionally evident in Plymouth (24 days), Exeter (25 days) and Gloucester (26 days). Wirthing, Newcastle and Aldershot adopted intently behind with every averaging 27 days available on the market.
The highest 10 stayed pretty steady compared to the identical interval in 2024, with seven cities and cities remaining. Plymouth fell one spot from first to second whereas Exeter rose from ninth to 3rd. Newcastle fell two locations to quantity six and Aldershot dropped from third to seventh. Birkenhead, Southampton and Wakefield additionally fell a few spots to succeed in their present locations.
In the meantime, Basildon recorded the slowest rental instances in This fall at 47 days, adopted by Slough and Blackburn (46 days). Huddersfield (45 days) and Milton Keynes (43 days) accomplished the underside 5.
London rental market
Velocity varies extensively by borough
Within the London rental market, Bexley as soon as once more topped the desk, with properties let in a median of 35 days. Merton, Bromley and Lewisham adopted intently at 38 days whereas Sutton averaged 39 days.
The London rental market sees the smallest adjustments compared to This fall 2024. Eight of the highest ten spots have remained on this record, one 12 months later, together with Bexley which remained at primary. Bromley and Merton each rose increased within the record, now taking second and third spots respectively. In the meantime, Suttons, Waltham Forest, Barking & Dagenham, Lambeth and Havering have all fallen barely however stay throughout the fastest-moving markets.
On the different finish of the dimensions, Kensington & Chelsea recorded the longest instances available on the market at 51 days, adopted by Richmond-upon-Thames (50 days) and Westminster (49 days). Hounslow (48 days) and Barnet (46 days) accomplished the underside 5.
Remark
Commenting on London’s efficiency and This fall enterprise outcomes:
“This fall was all the time going to be a extra measured interval for the London market, with patrons taking inventory forward of the Autumn Finances and exercise naturally easing because the 12 months drew to an in depth. That stated, what this knowledge highlights very clearly is the continued divergence throughout the capital itself.
“Outer London boroughs have remained much more fluid, with extra lifelike pricing and stronger affordability serving to to maintain transactions transferring, even throughout a historically quiter quarter. In distinction, prime and central London areas have seen longer transaction instances, significantly on the aspect of worldwide patrons, somewhat than an absence of underlying demand.
“From our perspective, This fall was much less a couple of slowdown and extra a couple of recalibration. Patrons had been nonetheless energetic, however more and more selective, and the place sellers aligned with market situations, properties continued to transact in good time. As we moved into 2026, that underlying demand has remained in place, positioning the London market properly for a steadier 12 months forward.”
Methodology
Knowledge for common time below supply and let agreed from October to December 2025 in contrast with the identical interval in 2024.
Please observe: between this version and the final version of our Below Supply Index, we now have modified the way in which we measure the common time taken to SSTC or let agreed which can alter historic knowledge.
In case you have any questions on the way in which we attain these figures or want to see historic knowledge, please contact acollins@onthemarket.com.
Property Weblog and Information – OnTheMarket Content material Hub.
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