London property market bucks the seasonal trend in November
The latest data from the Agency Express Property Activity Index, has reported a decline and across the UK property market as the festive season sets in.
Without surprise, national month on month figures for new listings ‘For Sale’ fell at -7.4% as did figures for properties ‘Sold’ at -8.7%.
London sat at the top of this month’s leaderboard with new listings ‘For Sale’ at a robust 42.79%. The largest declines were recorded once again in Scotland where figures for properties ‘Sold’ fell for a sixth consecutive and new listings ‘For Sale’ for a second consecutive month.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
Throughout November and as we approach the run up to Christmas, we expect for the market to slow in pace but we have seen a change in trend across the London property market over the last two years. Looking onwards to December, it is an inherently slow month for the industry and as we now head towards the General Election date, we would expect the pace to be slower than usual.
To read the latest Property Activity Index in full please click here: