Yearly Round-Up 2018

With 2018 behind us it is time to reflect on the events and figures that have shaped the UK property market in the past 12 months.

January

We witnessed a robust start to 2018 with national figures showing buoyant month on month increases in both new listings ‘For Sale’ at a record 104.9% and properties ‘Sold’ 41.2%. As we looked back over the Property Activity Index’s historical data, figures showed the increases made in January were the largest for the month since the index’s first records in 2010. 

January’s top performing regions were East Anglia and The North West. Following several months of slumber activity East Anglia reported robust increases in both properties ‘For Sale’ at 118.8% and ‘Sold’ at 62.7%. Figures also surpassed those recorded 12 months previous. The North West followed suit with a surge of properties coming on to the market. Month on month figures for new listings ‘For Sale’ sat at 100.6%, marking the regions first increase in activity for 6 months.

 February & March

January’s buoyant trend continued in to February as we witnessed further growth across the UK property market. Month on month figures for new listings ‘For Sale’ sat at 2.7% and properties ‘Sold’ at 15.5%. The index’s also highlighted year on year increases in new listings but a minor decline in properties ‘Sold’.

As we headed in to March the momentum continued. Month on month data recorded by the index showed nationwide increases in both new listing ‘For Sale’ sitting at 14.6% and properties ‘Sold’ at 11.5%. March’s data also revealed that all 12 regions recorded by the index reported increases in new listings ‘For Sale’ and 11 recorded increases in properties ‘Sold’.

April & May

Moving in to April we witnessed the usual downturn in activity with figures for properties ‘Sold’ sitting at -1.4% and new listing ‘For Sale’ at -1.9%. However, over a three-month rolling period the index’s data showed stability across the market with new listings ‘For Sale’ sitting at 4.8%, and properties ‘Sold’ at 7.8%. Looking back at the index’s historical data we also saw that activity was in fact slower 12 months previous, with properties ‘Sold’ sitting at -15.1% and new listings at -11.5%.

May saw a spike in activity with new listings ‘For Sale’ climbing back to 15.4% while properties ‘Sold’ rose to 8.1%. Again, looking back at the index’s archives, we saw that May 2018’s figures were in fact more robust than those recorded in the same period of 2017.

 

June to September

June revealed further growth for the UK property market. National month on month figures for new listings ‘For Sale’ sat at 9.4% and properties ‘Sold’ at 6.2%. Historical data again showed us that market activity was greater in 2018 compared to twelve months previous. The increase in figures also appeared consistent with market commentary from UK Finance who reported a 3% rise in mortgage approvals compared to a year earlier.

July’s figures remained true to trend with a slowdown at the start of the summer holidays. National figures for new listings ‘For Sale’ fell to sit at -17.6% as did properties ‘Sold at -9.1%. The down turn continued in to August with new listings at -6% and properties ‘Sold’ at -3.6%. While a seasonal adjustment was anticipated during this period, the month on month decline in figures was greater than those recorded in 2017.

As we entered September activity bounced back with nationwide increases in both new listing ‘For Sale’ at 18% and properties ‘Sold’ at 13.8%, and all twelve regions recorded by the Property Activity Index reported increases.

October & November

Following buoyant activity in September, October’s data from the Agency Express Property Activity Index revealed further unexpected increases across the UK property market. While traditionally we would observe a slowdown the Property Activity Index showed nationwide increases in both new listings ‘For Sale’ at 10.6% and properties ‘Sold’ at 20.7%; Record best figures for the month.

November’s data remained true to trend with figures for properties ‘Sold’ at -11.4% and listings ‘For Sale’ at -13.6%. However, the index’s historical data showed us that year on year activity continued to grow.

December

The latest data from the Agency Express Property Activity Index has, as expected revealed declines in December’s property market. Remaining true to trend new listings ‘For Sale’ fell to sit at -50.80% as did properties ‘Sold’ at -41.10%.

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

As the UK’s largest estate agency board service provider, we are the first to witness growth in the UK property market. The services we deliver are closely tracked and monitored via our estate agency board management system Signmaster3. We collect board movement data 24hrs a day 7 days a week, from a property being placed on the market to completion of sale. As a result, we are able to share this information with you and compare what is happening on the streets to what is being reported by financial institutions. Over the past 12 months we’ve witnessed a mixed property market with some unseasonal peaks and throughs, but figures have continued to increase year on year.

Monthly % Changes for December 2018

% Changes for Oct - December 2018

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
Dec 18Dec 17Dec 18Dec 17
NATIONAL-50.8-50.9-41.1-36.9
Central England-49.5-60.8-40.9-37
East Anglia-56.4-47.9-46.1-43.1
East Midlands-42.6-35.4-40.5-46.1
London-72.3-66.8-37.8-25.8
North East-39.7-43.1-45.4-35.6
North West-48.3-45.8-46.2-35.4
Scotland-49-45.5-45.2-34.7
South East-53.1-46.5-37.5-29.8
South West-50.4-47.8-41.6-34.5
Wales-34.5-43-38.7-38.2
West Midlands-39.3-49.9-35.7-45.7
Yorks & Humber-48.5-49.9-35.7-36.2
New ListingsProperties Sold
Oct -
Nov 18
Oct -
Dec 17
Oct -
Dec 18
Oct -
Dec 17
NATIONAL-17.3-19.2-11.3-15.1
Central England-16.2-19.6-10.7-13
East Anglia-21.7-21.3-15-17.4
East Midlands-16.6-18.8-10.6-16.4
London-16.9-15.7-12.7-10
North East-15-20.2-9.2-15.9
North West-17-20.1-12.6-14.3
Scotland-17-20.6-12.4-8
South East-16.1-16.6-10.1-13.2
South West-18.8-21.4-11.1-15.7
Wales-14.9-22.2-10.1-18.3
West Midlands-16.5-19-9-16.5
Yorks & Humber-15.1-15.4-9.1-17.6
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