UK property market gains momentum

The latest data from the Agency Express Property Activity Index has revealed momentum for the UK property market in March. Month on month figures recorded by the index have shown a nationwide increase in both new listing ‘For Sale, sitting at 21.7% and properties ‘Sold’ at 18%.

The increase in figures appear consistent with recent reports from the Council Of Mortgage Lenders who stated, “ The housing market has been slowly building up momentum over the last few months, largely getting back to activity levels we saw in the beginning of 2016.”

Observing property market activity across the rest of the UK, all of the 12 regions recorded by the Property Activity Index reported increases in both new listings ‘For Sale’ and properties ‘Sold’.

This month’s top performer was the West Midlands. Setting the pace for the rest of the UK, the region recorded robust increases in both new listings ‘For Sale, sitting at 31.7% and properties ‘Sold’ at 22.6%. The surge in activity was also highlighted by Rightmove in their latest House Price Index. Dubbed as the Mighty Midlands, figures sat at record highs with house prices up by 2.1% month on month and 4.2% annually.

Vigorous activity was also reported in Central England. Following a dip in the property market during February new listing ‘For Sale’ bounced back to sit at 29.4% as did properties ‘Sold’ at 28.8%.

Other regional hotspots in this month’s Property Activity Index included:

Properties ‘Sold’

  • North East 28%
  • South West 23.1%
  • London 20.1%
  • Scotland 19.5%

New listings ‘For Sale’

  • East Anglia 31.7%
  • East Midlands 28.3%
  • South West 26.8%
  • North East 23.6%


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

The month on month increases revealed by March’s Property Activity Index have reported positively across the nation. However, year on year we are seeing a decline in properties ‘Sold’ which is a reflection of the increasing affordability issues. Looking forwards in to April we traditionally experience a seasonal slowdown over the Easter holidays, but we would expect the current trend to resume promptly after.

Monthly % Changes for March 2017

% Changes for Jan - March 2017

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 17Mar 16Mar 17Mar 16
NATIONAL21.7-4.718-10
Central England29.4-5.528.8-13.7
East Anglia31.71.119-11.8
East Midlands28.3-1.815.7-11.8
London19.6-820.1-8.3
North East23.6-11.92820.3
North West6.5-9.212-7.5
Scotland20.111.519.5-5.4
South East19.4-6.810.1-13.6
South West26.8-5.123.1-1.6
Wales13.5-5.512.2-19.3
West Midlands31.7-922.6-13.9
Yorks & Humber19.3-9.116.3-10
New ListingsProperties Sold
Jan -
Sep 17
Jan -
Mar 16
Jan -
Mar 17
Jan -
Mar 16
NATIONAL30.623.924.115.2
Central England33.62325.511
East Anglia32.525.624.216.4
East Midlands31.924.224.416.4
London27.921.623.712.7
North East31.718.824.722.9
North West29.322.226.217.3
Scotland30.328.522.516.5
South East27.622.42012.4
South West33.825.423.516
Wales302622.512.5
West Midlands33.525.42619.4
Yorks & Humber26.92224.916.3
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