UK property market heats up in July

The latest data from the Agency Express Property Activity Index has revealed a spike in property sales across the UK during July. National month on month figures for properties ‘Sold’ sat at 3.8% while new listings ‘For Sale’ fell at -2.4%. However, looking back at the index’s historical records, yearly comparisons show the declines made in July 2019 to be less than those recorded 12 months previous.

Across the country, eight of the twelve regions recorded by the Property Activity Index bucked the seasonal trend with both new listings ‘For Sale’ and properties ‘Sold’ reporting increases.

The East Midlands sat at the top of this month’s leader board with figures for new listings at a robust 21.7% and properties ‘Sold’ at 10.7%. The spike in figures marked the largest increase in activity for July since the index’s first records in 2012.

Other regional hotspots included:

New listings ‘For Sale’

  • North West 9.3%
  • Scotland 9.2%
  • Yorkshire & Humberside 7.1%
  • West Midlands 6.5%
  • Wales 5.9%
  • North East 2.1%
  • South West 0.8%

Properties ‘Sold’

  • East Anglia 12.1%
  • Yorkshire & Humberside 10.2%
  • London 5.2%
  • South East 4%
  • South West 3.7%
  • North West 2.8%
  • Wales 1.2%

The largest declines in July’s Property Activity Index were recorded in Central England. New listings fell to -18.3% and properties ‘Sold’ to -2.7%. However, while the month on month decline is significant, figures recorded over a three-month rolling period remain buoyant as do year on year figures.

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

Throughout the summer holiday months seasonal declines are anticipated, so we are pleased by July’s ‘Sold’ figures. However, whilst we have seen a spike, figures may have been somewhat stimulated by a recent surge of agents using Agency Express. The Property Activity Index data gives an insight in to current market activity. This data is drawn from our ever-growing database of clients and the board movements they make.

Monthly % Changes for July 2019

% Changes for May - July 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
Jul 19Jul 18Jul 19Jul 18
NATIONAL-2.4-17.63.8-9.1
Central England-18.3-23.9-2.7-8
East Anglia-7.1-19.312.10.5
East Midlands21.78.910.711.6
London-37.4-46.15.2-14.6
North East2.1-14.8-5.5-9.1
North West9.3-1.32.8-1.3
Scotland9.2-11.6-1.6-12.5
South East-6.2-28.94-17.7
South West0.8-11.13.7-21.6
Wales5.9-2.81.2-2.4
West Midlands6.5-3.3-2.3-6.3
Yorks & Humber7.1-11.710.2-12.2
New ListingsProperties Sold
May -
Dec 19
May -
Jul 18
May -
Jul 19
May -
Jul 18
NATIONAL1.81.23.51.3
Central England21.43.1-0.7
East Anglia2.20.45.71.8
East Midlands86.39.14.2
London-1.70.86.73.5
North East-1.10.15.53.2
North West-0.812.20.9
Scotland-0.93.6-0.60.2
South East1.9-3.30.5-1.6
South West1.93.23.12.5
Wales1.72.71.43.3
West Midlands3.83.51.43.4
Yorks & Humber4.9-16.9-1.3
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