Property Activity dips during April

The latest data from the Agency Express Property Activity Index, has revealed a slow down for the UK property market in April. National figures for properties ‘Sold’ fell to sit at -15.1% as did new listing ‘For Sale’ at -11.5%.

Over a three-month rolling period the index’s data shows more stability across the market, with new listings ‘For Sale’ sitting at 5.4% and properties ‘Sold’ at 7%. Although if we look back over historical records we can see that figures are down compared to those recorded 12 months previous. 

Observing activity across the rest of the UK, all of the 12 regions recorded by the Property Activity Index reported declines in properties ‘For Sale’ and ‘Sold’.

The regions to record the smallest declines in this month’s index included:

New listings ‘For Sale’

  • Wales -4.60%
  • North East -5.40%
  • South East -7.50%
  • North West -9.20%
  • South East -7.50%

 Properties ‘Sold’

  • Scotland -7.40%
  • Central England -10.50%
  • Wales -11.40%
  • East Anglia -12.70%

The largest decline recorded in this month’s Property Activity Index was made in London. Figures for properties ‘Sold’ fell for the first time since December, sitting at -22.4%. Moving further up the country the North West followed suit with ‘Sold’ figures sitting at -21.4%.

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

This month we have witnessed an unseasonal decline in figures, which may be as a result of the two bank holiday weekends and reduced number of working days. However, if we look at the Property Activity Index’s rolling three monthly figures we can see that all twelve regions reported increases in both ‘For Sale’ and ‘Sold’ properties, so essentially the market remains steady. Moving forwards in to May we generally see a slower pace across the market then a pick up again in June, but as we head towards another general election it will be interesting to see how the usual figures fair in comparison. 

Monthly % Changes for April 2017

% Changes for Feb - April 2017

New Listings
% Change over last 12 months vs Previous 12 months

Properties Sold
% Change over last 12 months vs Previous 12 months

New Listings Properties Sold
Apr 17 Apr 16 Apr 17 Apr 16
NATIONAL -11.5 8.2 -15.1 -1.5
Central England -10.5 7.2 -10.5 -6
East Anglia -11.5 -1.8 -12.7 3.5
East Midlands -13.1 -1.7 -13 -1.6
London -13.3 16.1 -22.4 -5.8
North East -5.4 4.2 -14.1 -6.3
North West -10.9 8.6 -21.4 1.7
Scotland -19.7 -0.9 -7.4 -10.2
South East -7.5 25.3 -14.2 4.6
South West -9.2 10.8 -13.6 -9.3
Wales -4.6 10.7 -11.4 3.1
West Midlands -15 7.8 -14.8 -6.2
Yorks & Humber -16.9 12.4 -17.9 2.3
New Listings Properties Sold
Feb -
Oct 17
Feb -
Apr 16
Feb -
Apr 17
Feb -
Apr 16
NATIONAL 5.4 7.9 7 6.1
Central England 7.1 3.9 8.5 -0.2
East Anglia 3.3 2.7 6.4 5.3
East Midlands 6 6.8 8.1 7.3
London 4.3 9.5 4.3 5.9
North East 5.5 6 3.2 15
North West 8.2 9.2 4.9 10.8
Scotland 5.7 14.7 12.5 9.1
South East 4.5 12.6 6.4 4.9
South West 7.6 8.3 7.8 5.2
Wales 7 7.6 11 3.3
West Midlands 5.6 6.2 10.8 7.6
Yorks & Humber 1.3 10.3 4.9 8.7
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