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.

Yearly round-up 2020

January

We witnessed a strong start to 2020 with national figures reporting buoyant month on month increases. New listings ‘For Sale’ sat at 97.9% and properties ‘Sold’ at 48.4%. While figures for properties ‘Sold’ remained on trend, the Property Activity Index’s historical data showed that new listings were in fact lower year on year.

January’s top performing region was the East Midlands. Following five consecutive months of decline, figures for new listings bounced at 83.2% but remained down year on year. Figures for properties ‘Sold’ remained true to trend at 55.1%. A robust market was also reported on the North East. Again, reporting an increase after five consecutive months of decline, new listings ‘For Sale’ sat at 105.8% and recorded a year-on-year increase.  

February & March

In February we typically see figures plateau but 2020’s data revealed a mixed market. National month on month figures for properties ‘Sold’ sat at a robust 12.8% but figures for properties coming on to the market fell at -0.6%.

London sat at the top of February’s leader board with figures for properties ‘Sold’ at a 22.5%, marking the region’s largest increase for the month since 2017. However, the greatest decline in February’s index was also recorded in the capital. Following a bounce in activity during January, month on month figures for new listings fell to -10.4%.

As we headed into March the Property Activity Index, with no surprise revealed a significant slowdown across the UK property market as the COVID-19 virus gained momentum and culminated in a national lockdown.

March, which is traditionally a robust period, saw national figures for new listings ‘For Sale’ fall to -16.1% and for properties ‘Sold’ to -15.8%; The largest decline for March since the index’s first records in 2012.

Across the 12 regions recorded by the index Wales saw the greatest impact with figures for new listings ‘For Sale’ at -17.6% and properties ‘Sold’ at -26.2%. The North East followed suit with new listings at -21.3% and properties ‘Sold’ at -16.6%.

April & May

April was unchartered territory for both businesses and the UK economy. National lockdown saw our services halted and we, alongside rest of the nation downed tools and stayed at home.

On the 11th May we returned to work and at end of the first four weeks, the index’s rolling three monthly figures for new listings ‘For Sale’ sat at -13% and properties ‘Sold’ at -20.8%. Looking back at historical data we can see that the activity for the period would have normally sat around 6.3%.

Without surprise the regions that experienced the greatest impact during this period were Scotland & Wales. Over the three-month period new listings in Scotland fell at -46% and properties ‘Sold’ at -44.9%. Figures for properties ‘For Sale’ in Wales sat at -22% and properties ‘Sold’ at -35.5%.

June to September

As we headed in June, the summer property market showed promising increases in activity. National month on month figures for new listings ‘For Sale’ sat at 36.3% while properties ‘Sold’ rose to a robust 58.8%. The Property Activity Index’s historical records also showed that June’s increase in figures were greater than those recorded in the same period of 2019 and 2018.

The upward trend continued with all 12 regions recorded by the Property Activity Index reporting increases in both new listings ‘For Sale’ and properties ‘Sold’. Scotland sat at the top of Junes leader board with COVID-19 measures easing in the region. Figures for new listings ‘For Sale’ bounced back at 119.3%.

July revealed continued growth across the UK property market with properties ‘Sold’ at 41% and new listings ‘For Sale’ at 32.8%, both record highs for the month.

Scotland continued to pick up pace with month-on-month figures for new listings reaching 287.4% and properties ‘Sold’ at 403.6%. Wales followed suit with properties ‘Sold’ at 130.2%; a record best for the region since the index’s first records in 2012.

August’s property market remained largely trend reporting the usual seasonal downturn followed by the anticipated bounce in September. However, according to the index’s historical records, September’s figures were greater than those recorded in the same period of 2019.

October & November

Following a buoyant month in September, October’s data revealed a slowdown in pace throughout the UK property market. National month and month figures for properties ‘Sold’ sat at -0.1% while new listings ‘For Sale’ recorded a greater decline at -12.7%. A seasonal fluctuation in activity is expected in October but according to the index’s historical records figures were greater in 2019 with new listings at -3.2% and properties ‘Sold’ at +8.1%

The slowdown continued into November as we edged closer to the festive season and lockdown 2. So, we were not surprised to find that the 2020 slowdown in activity was far greater than November 2019. National month on month figures for new listings ‘For Sale’ fell at -26.5% as did figures for properties ‘Sold’ at-16.9%; figures in 2019 sat at -7.4% and -8.7%.

Once again, the greatest declines November’s index were recorded in Scotland. Falling for a second consecutive month, new listings ‘For Sale’ sat at -35.6% and properties ‘Sold’ at -26.9%. While Scotland historically reports a substantial slowdown in activity during November 2020 was the largest on record for the region.

December

December brought heavy restrictions across the UK, but the property market remained open. While a seasonal adjustment is expected and greater declines were anticipated, December’s data exceeded our expectations. Figures for new listings ‘For Sale’ sat at -34.3% and properties ‘Sold’ at -24.8%. The Property Activity Index’s archives also revealed that figures for 2020 were in fact more robust than those recorded in 2019 where new listings sat at -44.4% and ‘Sold’ figures at -33.6%.

Wales also bucked the trend with figures for properties ‘Sold’ at  just -7.7%, marking the regions smallest decline for the month since the index’s first records in 2012.

Commenting on the latest index results, Ben Brookes, Managing Director of Agency Express said: 

This year has not been without its trials and tribulations, but where we have been able to work we have and like our agency customers we have remained resilient.  

As the UK’s largest estate agency board service provider, we are the first to witness the peaks and troughs in the UK property market. The services we deliver are closely tracked via our estate agency board management system SignMaster3 and we collect board movement data 24hrs a day 7 days a week, from a property being placed on the market to completion of the sale. As a result, we can share this information with you and report what is happening in real time on the streets.

The last 12 months have been difficult and the start to 2021 challenging but if the market remains open the industry will find a way to prevail. With the COVID vaccine now being delivered we will be moving forward into spring and summer with more confidence.

Monthly % Changes for December 2020

% Changes for Oct - December 2020

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 20Dec 19Dec 20Dec 19
NATIONAL-34.3-44.4-24.8-33.6
Central England-36.9-46.8-23.7-23.6
East Anglia-42.5-55.2-28.5-38.5
East Midlands-38.4-28.6-25.3-30.9
London-32-71.7-33.9-43.2
North East-27.1-36.4-30.2-29.2
North West-34.8-28.7-26.7-36.4
Scotland-34.1-36.3-30.4-32.9
South East-35.7-50.3-25.7-35.4
South West-38.2-39-25.4-34.9
Wales-23-43.7-7.7-30.3
West Midlands-30-38.2-17.2-33.9
Yorks & Humber-25-33.9-22.3-26.2
New ListingsProperties Sold
Oct -
Jul 20
Oct -
Dec 19
Oct -
Dec 20
Oct -
Dec 19
NATIONAL-23-17.5-13.3-11.3
Central England-23.4-18.9-10.3-8.2
East Anglia-26-17.1-14.4-11.8
East Midlands-23-16-13.6-7.6
London-19.6-16-10.2-10.8
North East-22.3-16.9-15.6-11.8
North West-21.4-13.2-12.9-11.6
Scotland-25.8-22.9-23.6-18
South East-24.7-14.8-12.9-11.1
South West-24.7-18.7-12.5-10
Wales-22.9-19.5-14.1-13.1
West Midlands-20.6-18.8-10.9-11.3
Yorks & Humber-19.8-19.1-13.5-10.4
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