Spring spike for UK property market in March

The latest data from the Agency Express Property Activity Index has revealed a promising start to the spring property market.

National month on month figures for property ‘Sold’ rose to 16.9% while new listings ‘For Sale’ sat at 15.3%. Looking back over the Property Activity Index’s historical records we can see that this month’s increase in figures is greater than those recorded in the same period of 2018.

The upward trend continued with all 12 regions recorded by the Property Activity Index reporting increases in both new listings ‘For Sale’ and properties ‘Sold’.

Scotland sat at the top of this month’s leader board with record best month on month increases for March. New listings ‘For Sale’ sat at a robust 41.8% and properties ‘Sold’ at 32.4%. The North East followed suit recording record best figures for properties ‘Sold’ at 35.3% and new listings at 22.1%.

Other regional hotspots included:

New listings ‘For Sale’

  • West Midlands 25.2%
  • London 21.8%
  • Central England 15.8%
  • Wales 15.3%
  • South East 14.2%
  • East Midlands 11.6%
  • East Anglia 11.1%

 Properties ‘Sold’

  • West Midlands 24.8%
  • Wales 21.6%
  • East Anglia 21.1%
  • London 16.5%
  • East Midlands 13.5%
  • South East 13.5%

The smallest increases recorded in this month’s Property Activity Index were made in Yorkshire and Humberside. Following a robust start to year, activity for the region has now begun to plateau with figures for new listings sitting at 5.5% and properties ‘Sold’ at 10.6%. Over a three-month rolling period figures sat at a 29.3% for new listings ‘For Sale’ and 21.7% for properties ‘Sold.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: The figures from this month’s Property Activity Index have shown some promising increases across the UK and our yearly figures are up. As we move in to April we'd expect a seasonal dip then an increase again in May. 

Monthly % Changes for March 2019

% Changes for Jan - March 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
Mar 19Mar 18Mar 19Mar 18
Central England15.810.814.717.3
East Anglia11.112.721.16
East Midlands11.619.913.53.5
North East22.133.235.324.6
North West7.819.48.610.6
South East1018.613.54.2
South West14.211.19.921.7
West Midlands25.28.324.811.3
Yorks & Humber5.514.210.68.8
New ListingsProperties Sold
Jan -
Jan 19
Jan -
Mar 18
Jan -
Mar 19
Jan -
Mar 18
Central England24.327.321.121
East Anglia27.625.326.319.7
East Midlands26.925.824.419
North East26.63233.322.3
North West2628.621.717.5
South East22.824.920.914.2
South West26.32920.119.9
West Midlands27.93122.929.3
Yorks & Humber29.325.721.723.2

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