Novembers property market holds strong
The latest report from the Property Activity Index shows yet another interesting month for the UK property market.
Post a short October slump November property market has gained some pace. This month’s Property Activity Index reports highlights an unseasonal increase in properties sold across the nation with figures rising from -0.4% in October to 2% in November. With the Bank of England reporting mortgage approvals at a six year high these figures indicate growing consumer confidence in the UK property market.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: This month’s figures from the Property Activity Index are buoyant when compared to previous years. The index highlights the incremental growth we have had over the past two years and the market continues to thrive. We anticipate quieter month’s throughout winter so for regions to achieve growth during this period it only highlights the current confidence and continued demand in the market.
To read the Agency Express Property Activity Index report in full please click here.