June dip across UK property market

Following a buoyant month in May, the latest data from the Agency Express Property Activity Index has revealed an unexpected dip across the UK property market.

National month on month figures for new listings ‘For Sale’ fell at -1% as did figures for properties ‘Sold’ at -3.1%. However, looking back at historical data recorded by the index we can see that while month on month on figures have declined overall year on year activity remains robust.

Observing regional performance; four of the twelve regions recorded by the Property Activity Index reported increases in properties ‘For Sale’ and ‘Sold’.

London sat at the top of this month’s leader board with new listings ‘For sale’ at 21%. Again, looking back at the index’s historical data we can see that June is traditionally a buoyant month for the capital, and while a month on month increases have been recorded, year on year figures are down.

Of the remaining regions, buoyant figures were also returned from:

New listings ‘For Sale’

  • Central England 14.20%
  • East Anglia 5.30%
  • West Midland 0.80%

Properties ‘Sold’

  • West Midlands 5.60%
  • East Midlands 5.60%
  • Wales 1.40%
  • South West 0.70%

The largest declines in this month’s index were recorded in the South East with new listings at -6.70% and properties ‘Sold’ at -13.90%. The North West followed suit with new listings at -15.00% and ‘Sold’ figures at -5.20%.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: This month’s figures from the Property Activity Index are slightly off trend compared to the same month in 2018. However, as we analyse the year on year data we can see new listings are on par with figures reported in 2018 and properties 'Sold' continue to increase. 

Monthly % Changes for June 2019

% Changes for Apr - June 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
Jun 19Jun 18Jun 19Jun 18
NATIONAL-19.4-3.16.2
Central England14.216.4-2.5-6.7
East Anglia5.3-1.2-7.2-4.9
East Midlands-1.9-0.95.6-0.4
London2162.6-3.814.6
North East-6.8-5.6-7.911.4
North West-15-1.1-5.26.5
Scotland-77.1-7.44.5
South East-6.712.5-13.921.9
South West-214.20.727.9
Wales-7.4-5.71.4-2.5
West Midlands0.8-3.25.6-2.5
Yorks & Humber-6.91.1-1.51.9
New ListingsProperties Sold
Apr -
Sep 19
Apr -
Jun 18
Apr -
Jun 19
Apr -
Jun 18
NATIONAL1.17.7-0.14.3
Central England7.512.32.52.7
East Anglia4.76.80.10.6
East Midlands-1.1-23.20
London15.331.30.35
North East-6.80.7-5.26
North West-4.1-0.6-1.30.7
Scotland-8.47.7-36.5
South East4.410.2-3.59
South West-0.110.4-0.213.2
Wales-3.80.2-2.44.8
West Midlands1.72.24.41.7
Yorks & Humber0.21.20.71.5
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