Confidence in the UK property market drives momentum in May.

National figures reported by the Agency Express Property Activity Index have shown continual rises in property sales for the fourth consecutive month. With confidence growing in the property market the nations ‘Sold’ board’ figures have increased by 8% within 5 month over figures recorded for the same period in 2012.

While the demand for property is on the rise, in recent press it has also been stated that within areas of London and the South East the gap between supply and demand widens. However data recorded by the Property Activity Index indicates continuity. Figures for properties coming on to the market for London are robust and the South East remains consistent.

Regional month on month data recorded by the Property Activity Index has revealed a strong Scottish property market with a quarterly increase of 10.8% up from -4.0% for the same quarter in 2012. This could be reflective of the recent boot in the Scottish economy with The Bank of Scotland reporting a rise in business activity and employment throughout April. 

Further increases have been recorded for the East Midlands property market as it bounced back from its first lull of the year in April. The Agency Express Property Activity index reveals  solid month on month figures for the region with an increase of 12.3% on properties coming on to the market and a 20.8% increase on properties sold. The South West remains a slow mover down over the last quarter by 4.8% on properties coming on to the market and 9.5% on properties sold.

 Agency Express Comments

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

The general outlook remains positive for the UK property market. Some regions may have recorded declines; however these declines are a fraction of what has been recorded by the Property Activity Index in recent years. The proactive approach to opening up the property market to a wider range of buyers is now displaying its benefits. It’s important to remember that when we are measuring supply and demand we must look beyond any issues within the property market and add economy and cost of daily living in to these evaluations.  We now have confident consumers wanting to invest in property, financial institutions have opened their doors but, if individual budgets don’t stretch people will still remain where they are.

 

Monthly % Changes for May 2013

% Changes for Mar - May 2013

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
May 13 May 12 May 13 May 12
NATIONAL -1.3 -5.5 2.1 -7.2
Central England -2.4 5.5 1.8 6.1
East Anglia -3.7 -12.1 -4.2 -9.6
East Midlands 12.3 -11 20.8 -8.7
London 2.5 -7.1 -2.4 -2.6
North East 1.8 5.1 19.1 -32
North West 0 -4.2 9.6 -10.3
Scotland 0.1 2 8.6 -22.7
South East -3.2 -18.1 9.3 3.7
South West -2.6 -4.3 7.8 -5.8
Wales 7.3 -17 -23 -10.1
West Midlands -4.2 -0.6 1.3 26.1
Yorks & Humber -6.7 2.6 -0.6 -16.5
New Listings Properties Sold
Mar -
Apr 13
Mar -
May 12
Mar -
May 13
Mar -
May 12
NATIONAL 4.3 4.3 6.4 3.3
Central England -2.8 7.6 3.2 3
East Anglia 5.1 2.2 5.5 5.3
East Midlands 8.7 2.5 14.5 5.5
London 4.5 0.6 5.7 3.8
North East 4 2.1 7.4 -2
North West 1.6 4.6 10.5 2.5
Scotland 8.1 11.4 10.8 -4
South East 2.7 3.5 6 9.8
South West 4.8 5.2 9.5 2
Wales 5.5 1.9 -9 5.5
West Midlands 3.2 3.2 4.3 10.3
Yorks & Humber 4.9 3.1 6.3 -2.2
Loading...

Creating the report for you to download...

Request a Quote
Close Let us know how
we can help you...

Thank you!

Close Let us know how
we can help you...

Thank you!