November seasonal slow set in for the UK property market

November’s data from the Agency Express Property Activity Index, has revealed, with no surprise a further slowdown across UK property market, as we head towards the festive period.

National month on month figures for new listings ‘For Sale’ fell at -4.9% as did figures for properties ‘Sold’ at -9.2%. 

Observing activity across the twelve regions recorded by the Property Activity Index, two regions reported increases in new listings ‘For Sale’ and one region reported an increase in properties ‘Sold’.

London bucked the seasonal trend with new listings at a robust 24.1%. East Anglia also reported an increase at 2.6%. Figures for properties ‘Sold’ in Wales rose at 7.2%, marking a record best December increases for the region.

The regions to record the smallest declines in this month’s Property Activity Index included:

New listings ‘For Sale’

  • Wales 0.0%
  • Central England -4.1%
  • East Midlands -4.5%
  • North East -5.8%
  • North West -6.6%
  • South West -7.6%

Properties ‘Sold'

  • West Midlands 8.5%
  • North West -7.2%
  • South West -6.5%
  • North East -5.7%
  • Scotland -5.7%

The greatest decline in this month’s index was recorded in the West Midlands with figures for properties coming on to the market falling to -16.8%. The South East followed suit with figures for properties ‘Sold’ at -17.9%

Commenting on the latest index results, Ben Brookes, Managing Director of Agency Express said:

Throughout November and as we approach the run up to Christmas, we expect for the market to slow in pace, but we have seen a change in trend for London over the last few years and specifically in new listings. This is usually an early indicator for the rest of the market, as we tend to see an increase in activity across London before the rest of the UK.

Monthly % Changes for November 2021

% Changes for Sep - November 2021

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
Nov 21 Nov 20 Nov 21 Nov 20
NATIONAL -4.9 -26.5 -9.2 -16.9
Central England -4.1 -27.1 -12.4 -17
East Anglia 2.6 -23.8 -11 -22.3
East Midlands -4.5 -25.9 -11.6 -18.3
London 24.1 -20.6 -12.2 -1.7
North East -5.8 -29.1 -5.7 -15.6
North West -6.6 -27 -7.2 -15.8
Scotland -20.2 -35.6 -5.7 -26.9
South East -11.2 -27.9 -17.9 -8
South West -7.6 -24.4 -6.5 -13.4
Wales 0 -28.8 7.2 -30.8
West Midlands -16.8 -29.7 -8.5 -21.5
Yorks & Humber -9.1 -25.2 -11.7 -12.2
New Listings Properties Sold
Sep -
Jun 21
Sep -
Nov 20
Sep -
Nov 21
Sep -
Nov 20
NATIONAL -1.3 -10.6 -2.3 -4
Central England -1.8 -10.7 -2.6 -1.6
East Anglia 1 -10.9 -3.8 -3.3
East Midlands -3.1 -9.8 -4.1 -3.9
London 14.2 -4.8 -1.4 2.6
North East -6.4 -10.7 -3.1 -4.6
North West -2.9 -8.8 -2.3 -4.3
Scotland -8.1 -14.5 -4.4 -11.8
South East -0.8 -13.9 -3.9 -1.6
South West -1.2 -10.7 1.8 -0.7
Wales -1 -13.4 0.5 -14.1
West Midlands -6.4 -9.6 -3 -6
Yorks & Humber -2.4 -10.5 -2.7 -3.4
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