August’s property market springs no suprises

The latest data from the Agency Express Property Activity Index sprung no surprises this months as figures revealed a slow property market in August. National figures for properties ‘Sold’ fell by -10.4% as did new listings ‘For Sale’ falling by -7.5%.

Although seasonal adjustments are expected during this period, the decline in figures have been greater than those recorded in 2014.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:

Throughout July and August seasonal adjustments are anticipated and although many regions saw a substantial slowdown the outlook for September remains robust. Gross mortgage lending reached record highs in July and competitive mortgage rates are still accessible.  Now summer holiday months have come to a close and normal routines resume, I am optimistic that the upward trends we witnessed in June will resume.

Please click here to read the Agency Express Property Activity Index Report in full.

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