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Following the UK lockdown announcement we can confirm we are still operating.

To remain COVID safe have implemented the following guidelines for our operators:

Social distancing measures observed at all times
Hand sanitisers to be carried by all operators and used regularly
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Please ensure your customers are aware that we will be enforcing strict social distancing to protect all involved. We politely request they do not approach our operators, and boards are left in easily accessible locations for collection when required.

Thank you to all our clients for their continued patience during this time.

Property activity slows as the November slump sets in

Novembers data from the Agency Express Property Activity Index, has revealed a cooling across the UK housing market as we approach the Christmas period. National month on month figures for properties ‘Sold’ fell to sit at -8.9% as did figures for new listings ‘For Sale’ at -2.3%.

However, while the seasonal adjustment comes as no surprise the Property Activity Index has also highlighted an increase in year on year activity for new listings ‘For Sale’. Looking back over the index’s historical records, yearly comparisons show the declines made in 2017 to be far less than those recorded in the last 12 and 24 months (-4.7% in 2016 and -12.2% in 2015). Figures for properties ‘Sold’ did not show the same resilience reporting a decline on 2016’s figures (-1.80% in 2016).

Observing individual performance across country, only three of the twelve regions recorded by the Property Activity Index bucked the seasonal trend. This month’s most top performer was Central England reporting a robust increase in new listings ‘For Sale’ sitting at 19.6%. Again, looking back over the index’s historical records we can see that Central England constantly returns buoyant figures in November, and that this month’s figures mark a record best increase for the region. 

Other regions to buck the trend included:

New listings ‘For Sale’

  • Yorkshire & Humberside +0.3%

Properties ‘Sold’

  • East Midlands +4.4%

The steepest decline in this month’s index was recorded in Wales. Figures for new listings ‘For Sale’ fell for a third consecutive month at -25.2%, as did properties ‘Sold’ for a second consecutive month at -12.7%. The fall in figures marked the region’s largest month on month decline for November since the index’s first records in 2012.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: Throughout November and as we approach the run up to Christmas we inherently expect for the market to slow in pace. While we have witnessed the usual downturn in activity, year on year figures remain robust and this leaves us optimistic for a buoyant market in the New Year. 

Monthly % Changes for November 2017

% Changes for Sep - November 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
Nov 17Nov 16Nov 17Nov 16
Central England19.611.3-9.9-7.5
East Anglia-10.40.4-10.22.4
East Midlands-9.1-0.94.4-0.9
North East-17.5-5.9-15.424.3
North West-11.8-7.9-5-0.7
South East-6.95.9-12.4-5.1
South West-13.5-7.5-1.3-4.7
West Midlands-15.2-16.5-15.5-9.2
Yorks & Humber0.3-11.8-13.2-2.4
New ListingsProperties Sold
Sep -
Jul 17
Sep -
Nov 16
Sep -
Nov 17
Sep -
Nov 16
Central England5.81.4-1.70
East Anglia-4.7-2.1-3.91.4
East Midlands-7.5-9.20.6-2.7
North East-8.2-3.2-4.96.5
North West-6.3-5.6-52.8
South East-0.1-2.8-3.4-0.4
South West-5.3-5.8-1.3-2.3
West Midlands-5.1-5-5.83.3
Yorks & Humber-2-6.6-4.8-2.5

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