January's property market picks up pace

The latest data from the Agency Express Property Activity Index has revealed a strong start to 2019, as the UK property market gained momentum throughout January.

National figures showed month on month increases in both new listings ‘For Sale’ at 113.1% while figures for properties ‘Sold’ remained on trend at 45.6%. Looking back at the index’s archives we can also see that 2019’s figures are in fact more robust than those recorded in the same period of 2018.

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

This month’s top performing region was East Anglia. Following three consecutive months of decline, month on month figures for new listing bounced at 156.7%. The increase in new listings across the region was the largest on record for January. Figures for properties ‘Sold’ remained true to trend at 59.8%.

A buoyant market was also reported on the South West with new listing ‘For Sale’ at 124.5%. However, year on year figures for new listings have fallen across the region.

Other regional hotpots included:

New listings ‘For Sale’

  • London 123.9%
  • East Midlands 118.7%
  • Yorkshire and Humberside 117.1%
  • West Midlands 110%
  • North West 102.8%

Properties ‘Sold’

  • Scotland 59.8%
  • East Midlands 59.1%
  • Wales 52.00%
  • North East 51.7%
  • North West 51.4%

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

January’s figures from the Agency Express Property Activity Index figures have reported favourably across the nation. Towards the end of 2018 Property Activity Index highlighted the usual seasonal declines but the figures remained comparatively robust. Now a month in to the New Year, activity has picked up and this month’s figures have exceeded those recorded in 2018 and 2017.

Monthly % Changes for January 2019

% Changes for Nov - January 2019

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 19Jan 18Jan 19Jan 18
Central England102.1127.343.346.2
East Anglia156.7118.859.862.7
East Midlands118.781.759.154.5
North East91.583.251.726.4
North West102.8100.651.431.9
South East110.987.332.420.7
South West124.513537.329.1
West Midlands110124.636.870.8
Yorks & Humber117.1100.338.460.9
New ListingsProperties Sold
Nov -
Jan 19
Nov -
Jan 18
Nov -
Jan 19
Nov -
Jan 18
Central England-8.82.5-9.6-6.9
East Anglia-0.70.9-7.2-7
East Midlands-0.42.7-6.8-5
North East-3.6-6.1-9.3-13
North West-3.2-1.7-8.5-7.4
South East-3.4-2.8-9.7-10.3
South West-3.12.6-10.9-6.3
West Midlands-2.8-2-12.4-9.4
Yorks & Humber-1.40.2-12-4.5

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