July sees surprise upturn for UK housing market
The latest data from the Agency Express Property Activity index has revealed a robust month for the UK housing market in July. 12 UK regions covered within the Index, 10 bucked the seasonal trend with month-on-month increases in new listings ‘for sale’. This months top performers were: the North East – up by 38.5%, the East Midlands – up 20.4%, the South East – up 19.9% and East Anglia – up by 13%.
This months largest declines were recorded by Central England – down by 1.6% and London – down by 14.9%. For properties ‘sold’, eight regions reported positive month-on-month increases for July, with high-flyers being the North West – up by 19.7%, Scotland – up 21.2%, the West Midlands – up 34.9% and Wales – up by 41.8%.
Commenting on the latest Index results, Stephen Watson, Managing Director, Agency Express, said: This has been a surprising month for the UK housing market, showing a month-on-month July increase in both new listings and sold properties for the first time since our Index began in 2007, though there seems to be no real geographic variances between countries, regions and cities, other than Coventry appearing to be particularly buoyant!
To read the latest Property Activity Index report in full please click here.