COVID Guidelines

Following the UK lockdown announcement we can confirm we are still operating.

To remain COVID safe have implemented the following guidelines for our operators:

Social distancing measures observed at all times
Hand sanitisers to be carried by all operators and used regularly
No knocking on vendors doors/interacting with vendors unless absolutely necessary
No visiting of branches
Face coverings/masks to be worn where possible
One person per van, unless those people live in the same household

Please ensure your customers are aware that we will be enforcing strict social distancing to protect all involved. We politely request they do not approach our operators, and boards are left in easily accessible locations for collection when required.

Thank you to all our clients for their continued patience during this time.

August’s property market springs no surprises

Following July’s seasonal slowdown August’s property market has sprung no surprises. The latest data from the Agency Express Property Activity Index has remained true to trend; national figures for properties ‘Sold’ fell by -10.4% as did new listings ‘For Sale’ falling by -7.5%. While a seasonal adjustment is expected during this period, the decline in figures have been greater than those recorded in 2014 where we witnessed an increase of 1.9% in properties ‘Sold’, and marginal drop of -0.6% in new listings ‘For Sale’. However as we enter September and typical trends resume we may witness a spike in activity. In recent reports from The Council of Mortgage Lenders  it has been estimated that gross mortgage lending reached a massive £22 billion in July; 14% higher than July 2014 and the highest monthly total for seven years. 

Looking at performance across the rest of the UK, all 12 regions recorded by the Property Activity Index reported declines in properties ‘Sold’. The largest decline was made by the East Midlands who for the first time in 7 months fell by -19.9%. The North East also fell for a second consecutive month recording a drop of -16.9%, as did East Anglia falling by -13.4%.

Figures from the Property Activity Index also highlighted a decline in properties coming on to the market with only 2 of the 12 regions recording increases in new listings ‘For Sale’. The North West bucked the seasonal trend with a robust increase of 17.5%, marking their best August since the Index’s first records in 2007. Wales also reported a healthy increase of 3% recording their largest rise in properties ‘Sold’ since March earlier this year.

Agency Express Comments

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.

Monthly % Changes for August 2015

% Changes for Jul - August 2015

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

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

New ListingsProperties Sold
Aug 15Aug 14Aug 15Aug 14
Central England-5.9-1.2-10.37
East Anglia-13.6-2.4-13.46.6
East Midlands-1416.5-19.920.2
North East-15.8-1.4-16.9-22.2
North West17.51.2-6.4-8
South East-22.7-7.1-11.9-4.3
South West-13.2-1.8-5.32.6
West Midlands-1311.8-8.2-11.9
Yorks & Humber-2.5-5.3-10.5-8.2
New ListingsProperties Sold
Jul -
Jul 15
Jul -
Aug 14
Jul -
Aug 15
Jul -
Aug 14
Central England-2.41.8-0.62
East Anglia-4-0.5-3.1-2.2
East Midlands-1.7-1.9-2.10.1
North East0.62.12-8.7
North West5.5-3.84.2-3.6
South East-3.5-1.61.1-2.1
South West-2.1-2.22.5-3.4
West Midlands-2.52.8-1.3-4.9
Yorks & Humber-2.3-3.1-4-4.3

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