Confidence Continues

The latest data revealed by the Agency Express Property Activity Index shows further growth for the for the UK property market as national figures rise for a third consecutive month.  

Properties ‘Sold’ nationally saw an increase of 14.3%, the largest increase in sales for March since 2011. Properties coming on to the market increased by 11.6%, doubling the figures recorded for the month in 2014.

This month’s robust figures indicate that consumer confidence is returning after an unexpected decline in the market during the middle to end of last year.  This is also substantiated by recent statistics from the Building Society Association’s  Property Tracker which reported that 36% of consumers believe now is a good time to buy.

Observing regional performance, all 12 regions recorded by the Property Activity Index reported increases in both new listings ‘For Sale’ and properties ‘Sold’.  Significant increases were made by Yorkshire & Humberside who recorded a rise of 16% in new listings ‘For Sale’ and 25.10% in properties ‘Sold’.

Further increases were also made by the West Midlands rising by 17% in both new listings ‘For Sale’ and properties ‘Sold.

After several months of decline in 2014 both regions have seen a welcomed injection of activity and have recorded constant increases for the past 3 months.  

Reviewing the remaining 10 regions those recording the largest increases included:

Properties ‘Sold’

  • Yorks & Humber  +25.10%
  • South West   +19.90%
  • West Midland  +17.60%
  • South East  +16.90%
  • Central England   +16.40%


New listings ‘For Sale’

  • West Midlands  +17.40%
  • South East  +16.10%
  • Yorks & Humber  +16.00%
  • East Midlands  +13.30%
  • Wales  +12.50%

Agency Express Comments

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

The figures from this month’s Property Activity Index are encouraging.  We are now seeing stable month on month increases. Couple that with the fall in mortgage rates and it leaves us optimistic for forthcoming months.  Looking slightly further ahead with the upcoming election it will be interesting to see if we witness a stall in the market.

Monthly % Changes for March 2015

% Changes for Jan - March 2015

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
Mar 15Mar 14Mar 15Mar 14
NATIONAL11.66.414.3-6.6
Central England10-22.516.4-12.4
East Anglia11.3-1.110.1-13.5
East Midlands13.310.16.2-1.4
London5.53.28.5-17.9
North East7.9-16.64.4-4.9
North West7.920.314.3-5.6
Scotland8.81.59.83.6
South East16.17.416.90.5
South West12.3-9.619.9-16.9
Wales12.526.814.21.5
West Midlands17.443.317.627.4
Yorks & Humber1621.525.10.8
New ListingsProperties Sold
Jan -
Jun 15
Jan -
Mar 14
Jan -
Mar 15
Jan -
Mar 14
NATIONAL28.327.521.715
Central England26.219.724.720.4
East Anglia27.823.824.714.7
East Midlands29.62714.613
London24.618.719.98.1
North East26.718.120.214.8
North West2636.318.214.6
Scotland27.427.825.213.9
South East30.72815.817.3
South West30.218.8206.6
Wales28.537.719.823.2
West Midlands29.952.525.134.2
Yorks & Humber31.53027.814.7
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