Post Christmas property market slow to return

The latest data from the Agency Express Property Activity Index has reported the customary increase in post Christmas activity, but lockdown 3 has stifled the usual return.

National month on month figures for new listings ‘For Sale’ sat at 28.8% and properties ‘Sold’ at 14.2%, where typically they would exceed 90% and 40%.

New listings ‘For Sale’

Properties ‘Sold’

January 2020 97.9%

January 2019 113.1%

January 2018 104.9%

January 2020 48.8%

January 2019 45.6%

January 2018 41.2%

Across the UK, as anticipated 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 regions was the North West. Following three consecutive months of decline new listing bounced at a robust 38.9% and figures for properties ‘Sold’ at 28.1%.

A buoyant market was also reported in East Anglia. Again, following a three month decline new listings ‘For Sale’ sat at 37.9% and properties ‘Sold' at 11.9%

However, year on year both regions reported declines in overall activity.  

Other regional hotpots included:

New listings ‘For Sale’

  • Central England 35.4%
  • South East 32.9%
  • North East 30.1%
  • East Midlands 29.3%
  • Wales 29%
  • West Midlands 28.9%
  • South West 27.6%

Properties ‘Sold’

  • North East 32.5%
  • East Midlands 20.5%
  • Scotland 20.5%
  • Wales 19.9%
  • Yorkshire & Humberside 15.5%
  • South East 12%
  • Central England 10.9%

The smallest increase in this month index was reported in Scotland with new listings at just 6.6%. Looking back at the index’s historical records, we can see that activity is vastly down year on year.   

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

This month’s Property Activity Index data is to be expected, with a third lockdown, home schooling and remote working it comes as no surprise that the nations primary focus is not on the property market right now. However, with talks of schools returning, Boris’ roadmap set to be announced and a potential stamp duty extension we are confident that we will see buoyant spring property market.

 

Monthly % Changes for January 2021

% Changes for Nov - January 2021

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
Jan 21 Jan 20 Jan 21 Jan 20
NATIONAL 28.8 97.9 14.2 48.4
Central England 35.4 115.5 10.9 45
East Anglia 37.9 129 11.9 73.3
East Midlands 29.3 83.2 20.5 55.1
London 8.5 155.6 8.1 57.9
North East 30.1 105.8 32.5 40.8
North West 38.9 50.4 28.1 47.4
Scotland 6.6 57.1 20.5 39.1
South East 32.9 99.7 12 44.8
South West 27.6 118.1 3.6 42.2
Wales 29 109.1 19.9 45.3
West Midlands 28.9 88.4 9.2 32.8
Yorks & Humber 26.5 91.3 15.5 47.8
New Listings Properties Sold
Nov -
Oct 21
Nov -
Jan 20
Nov -
Jan 21
Nov -
Jan 20
NATIONAL -17.1 0.8 -11.7 -4
Central England -17.2 3 -12.1 -1.6
East Anglia -18 0.9 -16.2 -1.8
East Midlands -18.7 5.1 -10.9 -3.4
London -17.7 1.2 -11.3 -2
North East -14.7 5.7 -9 0.8
North West -15.4 -3.6 -8.5 -4.9
Scotland -26.5 -11.2 -17.3 -10
South East -17.6 2.8 -9 -3.6
South West -18.1 5.5 -13.2 -2.5
Wales -12.9 0.5 -10.1 -6.2
West Midlands -16.6 -1 -11.9 -7.9
Yorks & Humber -12.6 2.3 -8.3 -3.2
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