March momentum for UK property market

Following a steady flow of activity across the UK property market in February, the latest data from the Agency Express Property Activity Index has revealed a pickup in pace throughout March. Month on month data recorded by the index showed nationwide increases in both new listing ‘For Sale’ sitting at 14.6% and properties ‘Sold’ at 11.5%.

Observing property market performance across the rest of the UK, all of the 12 regions recorded by the Property Activity Index reported increases in new listings ‘For Sale’ and 11 reported increases in properties ‘Sold’.

This month’s top performing region was the North East. Rising for a third consecutive month new listing ‘For Sale’ sat at 33.2% and properties ‘Sold’ at 24.6%. Scotland followed suit reporting a record best increase for March with figures for properties ‘Sold’ sitting at 31.3%.

Other regional hotspots in this month’s index included:

New listings ‘For Sale’

  • Scotland 21.6%
  • North East 19.4%
  • South East 18.6%
  • East Anglia 12.7%
  • South West 11.1%

Properties ‘Sold’

  • South West 21.7%
  • Central England 17.3%
  • London 16.2%
  • West Midlands 11.3%
  • North West 10.6%

The only decline in this month’s Property Activity Index was reported in Wales. Following a robust start to the year figures for properties ‘Sold’ fell at -0.3%. Looking back over the index’s historical data we can see figures for properties ‘Sold’ in March have been consistent for the last two years, and that 2016 was the last time the region recorded a decline. 

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:  March’s figures from the Property Activity Index have reported favourably across the UK, with momentum picking up month on month. However, looking back at data recorded twelve months previous we can see that year on year figures for new listings ‘For Sale’ and properties ‘Sold’ have dipped.

Monthly % Changes for March 2018

% Changes for Jan - March 2018

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
Mar 18 Mar 17 Mar 18 Mar 17
NATIONAL 14.6 21.7 11.5 18
Central England 10.8 29.4 17.3 28.8
East Anglia 12.7 31.7 6 19
East Midlands 19.9 28.3 3.5 15.7
London 10.7 19.6 16.2 20.1
North East 33.2 23.6 24.6 28
North West 19.4 6.5 10.6 12
Scotland 21.6 20.1 31.3 19.5
South East 18.6 19.4 4.2 10.1
South West 11.1 26.8 21.7 23.1
Wales 10.2 13.5 -0.3 12.2
West Midlands 8.3 31.7 11.3 22.6
Yorks & Humber 14.2 19.3 8.8 16.3
New Listings Properties Sold
Jan -
Apr 18
Jan -
Mar 17
Jan -
Mar 18
Jan -
Mar 17
NATIONAL 27.4 30.6 20.2 24.1
Central England 27.3 33.6 21 25.5
East Anglia 25.3 32.5 19.7 24.2
East Midlands 25.8 31.9 19 24.4
London 21.2 27.9 15.3 23.7
North East 32 31.7 22.3 24.7
North West 28.6 29.3 17.5 26.2
Scotland 36 30.3 35.5 22.5
South East 24.9 27.6 14.2 20
South West 29 33.8 19.9 23.5
Wales 29.2 30 17.3 22.5
West Midlands 31 33.5 29.3 26
Yorks & Humber 25.7 26.9 23.2 24.9
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