No January blues for the UK property market

The latest data from the Agency Express Property Activity Index has highlighted a robust start to 2018, as the UK property market gained momentum throughout January. National figures show buoyant month on month increases in both new listings ‘For Sale’ at 104.9% and properties ‘Sold’ at 41.2%. Upon review of historical data, figures recorded in 2018 highlight the largest increase in activity for January since the index’s early records in 2010.

New listings ‘For Sale’

Properties ‘Sold’

January 2018  104.9%
January 2017  87.3%
January 2016  93.70%
January 2015  51.4%
January 2014  37.8%
January 2013  53.8%
January 2012  63.1%
January 2011  51.3%
January 2010  45.1%

January 2018  41.2%
January 2017  31.4%
January 2016  31.2%
January 2015  1.0%
January 2014  -2.6%
January 2013  -0.3%
January 2012  -6%
January 2011  -4.8%
January 2010  -19.4%

Across the UK the trend continued. All 12 regions recorded by the Property Activity Index returned increases in both new listings ‘For Sale’ and properties ‘Sold'.

Regional hotpots included:

Properties ‘Sold’

  • West Midlands 70.8%
  • East Anglia 62.7%
  • Yorks & Humber 60.90%
  • East Midlands 54.50%
  • Wales 49.60%
  • Central England 46.20%

New listings ‘For Sale’

  • South West 135.00%
  • Central England 127.30%
  • West Midlands 124.60%
  • East Anglia 118.80%
  • North West 100.60%
  • Yorks & Humber 100.30%

This months 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 in 2017. 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.

The smallest increase in this month’s Property Activity Index was recorded in London. Figures for properties ‘Sold’ in the capital sat at 15.5%. However, looking back at the index’s historical data we can see that the year on year figure for properties ‘Sold’ has fallen.

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

Towards the end of last year the Property Activity Index highlighted wide spread declines in both properties ‘For Sale’ and ‘Sold’ across the UK, with some regions seeing the downward trend beginning in July. Now just a month in to the New Year the figures have turned a corner and year on year figures have exceeded those recorded in 2017. 

Monthly % Changes for January 2018

% Changes for Nov - January 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
Jan 18Jan 17Jan 18Jan 17
NATIONAL104.987.341.231.4
Central England127.391.946.236.8
East Anglia118.811562.741
East Midlands81.781.854.531.8
London76.473.515.528.3
North East83.2116.326.457.9
North West100.665.831.940.9
Scotland65.457.425.713.1
South East87.388.720.721.8
South West13594.929.127
Wales122.797.149.613.1
West Midlands124.687.770.817.7
Yorks & Humber100.380.260.941.6
New ListingsProperties Sold
Nov -
Nov 18
Nov -
Jan 17
Nov -
Jan 18
Nov -
Jan 17
NATIONAL-0.70.1-7.6-7.2
Central England2.5-0.5-6.9-8
East Anglia0.91.9-7-6.3
East Midlands2.75.3-5-6.6
London0.1-2.5-7.4-8.3
North East-6.17.8-137.2
North West-1.7-0.7-7.4-4.1
Scotland-10-10.2-12.4-8.4
South East-2.86.3-10.3-7
South West2.6-0.7-6.3-8.6
Wales-2.3-0.9-8-7.9
West Midlands-20.6-9.4-13.4
Yorks & Humber0.2-0.4-4.5-7.7
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