August property sales slow
An interesting report form this months Property Activity Index. After a surge in property market activity throughout June and July the annual summer holiday slowdown was due to set in during August.
Seasonal trends historically show slower activity for August property sales. However in light of the successful market place in recent months, with the British Bankers Association reporting increases of mortgage lending by 30% in July, the August property market continues to thrive through what is historically a quieter month.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: In recent weeks the reports from the property market have grown from strength to strength, with record breaking figures and rates hitting the headlines on a daily basis. A seasonal downturn is usually anticipated in August and although most region have seen a decline over all figures show a robust undercurrent with many areas recording their best August to date.
To read the Agency Express Property Activity Index Report in full please click here.