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Suspension of Board Services

In line with UK Government directions, Agency Express will suspend all board services to our clients with immediate effect. We appreciate the disruption this will cause, but we must ensure the safety of our franchised operators, valued clients and members of the public.

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Any concerns please contacts us on enquiries@agencyexpress.co.uk or 01508579800

Thank you for your continued support.

UK property market remains slow in August

The latest data from the Agency Express Property Activity Index, has revealed a further decline in UK property market activity during August. National month on month figures for new listings ‘For Sale’ sat at -6% and properties ‘Sold’ at -3.6%.

While a seasonal adjustment is expected during this period, the month on month decline in figures is greater than those recorded in 2017, where we witnessed an increase of 1.5% in properties ‘Sold’ and smaller drop in new listings at -2.3%.

Looking at regional performance across the UK, four of the twelve regions recorded by the Property Activity Index reported increases in properties ‘For Sale’ and only three reported increases in properties ‘Sold’.  

Scotland sat at the top of this month’s leader board. Following a slumber market in July the region bounced back reporting robust figures in both new listings ‘For Sale’ at 7.9% and properties ‘Sold’ at 18.9%.

Other regional hotspots in this month’s index included:

New listings ‘For Sale’

  • Wales 4.1%
  • East Anglia 1.2 %
  • North East 0.8%

Properties ‘Sold’

  • Wales 3.9%
  • Central England 1.6%

The largest decline in this month’s Property Activity Index was recorded in London. Figures for new listings ‘For Sale’ fell for a second consecutive month at -27.8% and the index’s historical records also shows a drop in year on year figures. The East Midlands followed suit recording declines in both new listings at -15.1%, properties ‘Sold’ at -14.3% and like London year on year declines.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: Throughout August a seasonal adjustment is anticipated and although many regions have seen a substantial slowdown, we continue to see year on year growth albeit it at a slower rate. As we move in to September our outlook remains positive and we anticipate the usual pick up in pace.

Monthly % Changes for August 2018

% Changes for Jul - August 2018

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
Aug 18 Aug 17 Aug 18 Aug 17
NATIONAL -6 -2.3 -3.6 1.5
Central England -9.1 3.7 1.6 0.2
East Anglia 1.2 -0.2 -6.5 -1.6
East Midlands -15.1 -4.2 -14.3 -0.2
London -27.8 -15.7 -5.2 -3.6
North East 0.8 -5.7 -13.1 -10.5
North West -4.2 -2.7 -3.5 7.1
Scotland 7.9 1.1 18.9 7.6
South East -7 -5.5 -6.5 -0.9
South West -9.7 -4.4 -5 -0.1
Wales 4.1 0.9 3.9 -1.4
West Midlands -7.8 4 -1.3 11.3
Yorks & Humber -2.8 3 -9.5 6.6
New Listings Properties Sold
Jul -
Mar 18
Jul -
Aug 17
Jul -
Aug 18
Jul -
Aug 17
NATIONAL -5.1 -3.3 -2.3 -2.5
Central England -6.4 -3 -4.6 -3.2
East Anglia -6.9 -3.8 -3.7 -4.8
East Midlands -2.7 -1.6 -1.5 -0.8
London -10.5 -7 -2.3 -6.5
North East -6.9 -1.8 -3.8 -6.2
North West -2.2 -2.4 0.4 0.3
Scotland 0.7 -5.8 2.9 1.7
South East -8.8 -7.3 -1.9 -6.1
South West -2.6 1.1 -1.4 0.3
Wales -1.6 -1.4 -0.4 1.3
West Midlands -4.7 -1.7 -3.4 1.5
Yorks & Humber -4.6 -2.1 -6.5 -4.8
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