COVID-19

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.

Signmaster3 will continue to be available for you to list your requests, and we will notify you as soon as we are able to commence work once more.

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

Thank you for your continued support.

Property market supply slows in February

Following a buoyant start to the year, the latest data from the Agency Express Property Activity Index has revealed mixed activity across the UK property market in February.

National month on month figures for properties ‘Sold’ remained true to trend at 16.9% but figures for properties coming on to the market fell at -0.7%. While February’s figures for new listings are impacted by the January spike, yearly figures do show a greater level of activity in the market during 2018 with new listings at 2.7%.

Looking at performance across the individual regions recorded by the Property Activity Index, all twelve regions reported increases in properties ‘Sold’ but only five reported increases in properties coming on to the market.

Scotland sat at the top of this month’s leader board with new listing ‘For Sale’ at 24.7% and properties ‘Sold’ at 27.7%. While this month’s figures are buoyant, historical data again shows a greater level of activity in 2018. 

Other regional hotspot included:

New listings ‘For Sale’

  • Yorkshire and Humberside 16.8%
  • North West 7.8%
  • Wales 0.4%
  • East Midlands 0.2%

Properties ‘Sold’

  • Yorkshire and Humberside 23.4%
  • South West 19.7%
  • North East 18.9%
  • London 18.7%
  • North West 17.3%
  • East Midlands 15.1%
  • East Anglia 11.20%

The largest decline in this month’s index was made in London. Following robust activity in January, month on month figures for new listings in the capital fell to -8.8% and to -23.1% over a three month rolling period. Looking back over the index’s historical data we can see that the decline in activity is the largest on record for February. 

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

We typically see figures plateau in February but the latest data from the Property Activity Index has shown a decline in supply compared to the same month in 2018. However, overall figures remain robust and year on year activity continues to increase for us.

Monthly % Changes for February 2019

% Changes for Dec - February 2019

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 19 Feb 18 Feb 19 Feb 18
NATIONAL -0.7 2.7 16.9 15.5
Central England -6.2 -0.2 12.9 7.6
East Anglia -7.5 -5.5 11.2 8
East Midlands 0.2 1 15.1 13.7
London -9.4 0.5 18.7 14.2
North East -2.9 2.9 18.9 16.5
North West 7.8 2.1 17.3 14.5
Scotland 24.7 38.1 27.7 49.5
South East -7.2 -2.3 21.1 21.1
South West -6 2.3 19.7 10.8
Wales 0.4 7.6 10.9 16.1
West Midlands -8.8 15.8 10.6 27.8
Yorks & Humber 16.8 -0.1 23.4 16.6
New Listings Properties Sold
Dec -
Mar 19
Dec -
Feb 18
Dec -
Feb 19
Dec -
Feb 18
NATIONAL 1.6 1.4 0.1 1.1
Central England -1.7 -4.8 -1.8 -0.4
East Anglia 1.4 2.9 -1.8 0
East Midlands 9.1 6.6 3.5 -2.3
London -23.1 -21.5 1 -0.9
North East 4.4 2.8 -0.7 -2.1
North West 5.1 4.2 -1.9 -0.9
Scotland 2.6 10 4.9 9.2
South East -3.3 -0.8 0.1 1
South West 1.8 9.3 -1.6 -2.5
Wales 10.4 12.9 1.3 2.9
West Midlands 5.7 11.6 -1 7.5
Yorks & Humber 11.6 0.1 3.9 7.4
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