Property market figures up but slower than 2015

National figures recorded by the Agency Express Property Activity Index show month on month increases in new listing ‘For Sale’ rising by 23.3%, and properties ‘Sold’ by 37.6%. While this month’s figures remain stable, yearly figures do indicate greater activity in the market during February 2015, where the supply of new listings was much higher, recording a robust increase of 51.4%

Looking at performance across the rest of the UK, all 12 regions recorded by the Property Activity Index reported increases in both new listings ‘For Sale’ and properties ‘Sold’.  This month’s top performing region ‘Scotland’ has seen a promising start to 2016.  After experiencing a volatile property market throughout 2015 Scotland saw welcomed surge in activity, recording a 44.3% increase in  new listings ‘For Sale’ and a  62.6% increase in properties ‘Sold’.

 Buoyant figures were also recorded by the North West.   In January the region made its first increase in properties ‘Sold’ for 5 months. Throughout February the upward trend continued with sales rising by 51%, although figures were down when compared to the 71% increase recorded in 2014.   The trend continued in to the West Midlands with significant increases made on properties ‘Sold’ rising by 61.3%, but again the region was down on 2014’s figures of 78.5%.

Regions recording the largest increases included:


Properties ‘Sold’

Scotland +62.60%

West Midlands +61.30%

North West +51.00%

East Midlands +47.10%

North East +44.50%


New listings ‘For Sale’

Scotland +44.30%

North West +34.90%

Yorkshire & Humberside +33.60%

North East 31.60%

East Midlands +28.60%

 

Agency Express Comments

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

February’s figures from the Agency Express Property Activity Index have reported favourably across the nation, and although activity is slower than a year ago the figures remain stable.  This month the Council of Mortgage Lenders estimated that lending in January was £17.9 billion on an unadjusted basis, a fifth higher than a year ago.  As we move in to the next three months I am optimistic that we will see a continuation of consistent and stable figures. Beyond that we may see some fluctuation in the market as we enter the uncertainty of the Brexit months

Monthly % Changes for February 2016

% Changes for Dec - February 2016

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
Feb 16 Feb 15 Feb 16 Feb 15
NATIONAL 23.3 35.7 37.6 53.7
Central England 11.1 32.4 22.4 55.1
East Anglia 9.4 23.9 29.2 64.9
East Midlands 28.6 58.2 47.1 74.5
London 23.8 29.7 41.1 36.1
North East 31.6 24.2 44.5 79.4
North West 34.9 39.4 51 50.3
Scotland 44.3 58 62.6 62.8
South East 21.9 26.1 29.2 35.7
South West 21.9 40.5 33.4 46.4
Wales 19.8 33.8 33.7 49.6
West Midlands 23.1 41.8 61.3 78.5
Yorks & Humber 33.6 39.6 44.1 55.7
New Listings Properties Sold
Dec -
Apr 16
Dec -
Feb 15
Dec -
Feb 16
Dec -
Feb 15
NATIONAL 11.7 8.4 10.1 5.7
Central England 2.9 2 11.1 8.8
East Anglia 12.7 9.4 8.1 9.3
East Midlands 14.7 17 9.1 6.1
London -11.4 -9.8 8.1 7.1
North East 24.6 16.5 4.9 5.6
North West 17.8 10.8 8.6 0.3
Scotland 8.9 11.1 10 14
South East 8.9 10.1 10.7 3.9
South West 20.5 12.2 10.9 -0.9
Wales 15.8 8.3 11.9 3.9
West Midlands 18.2 10.5 14.5 6.6
Yorks & Humber 18.8 13.9 13.2 6.2
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