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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
No knocking on vendors doors/interacting with vendors unless absolutely necessary
No visiting of branches
Face coverings/masks to be worn where possible
One person per van, unless those people live in the same household

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 seasonal slump sets in

The UK property market springs no surprises, as the latest data from the Agency Express Property Activity Index reveals the start of the Autumn seasonal slowdown.

National month on month figures for properties ‘Sold’ fell to sit at -1.5% as did ‘For Sale’ figures at -6.1%. Looking back at the index’s historical data we can see the figure for properties ‘Sold’ has dropped marginally compared to 2016, but the decline in new listings is less in comparison to 12 months previous where figures sat at -11.2%.

Across the UK the seasonal trend continued. Just three of the twelve regions recorded by the Property Activity Index reported increases in new listings ‘For Sale’, while six reported increases in properties ‘Sold’.

Regions to buck the seasonal trend included:

New listings ‘For Sale’

  • West Midlands +4.5%
  • Yorkshire and Humberside +4.3%
  • South East +1.80%

 Properties ‘Sold’

  • Scotland +30.1%
  • West Midlands +9.2%
  • Central England +9.2%
  • London +1%
  • South East +0.7%

This month’s top performing regions were Scotland and the West Midlands. Scotland reported a robust increase in properties ‘Sold’ sitting at +30.1% and marked a record best October for the region. Buoyant activity was recorded across the West Midlands. Following a slowdown in September figures for properties ‘Sold’ bounced at 9.20%, as did new listings ‘For Sale’ at 4.5%.

The steepest decline in this month’s index was recorded in London. New listings ‘For Sale’ fell to sit at -15.2% and marked the region’s largest decline for October since 2014. Moving up the country a further fall in figures was also recorded in North West. Following four months of consecutive decline new listings ‘For Sale’ sat -6.6% while properties ‘Sold fell’ for a second month at -4%.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: During October we traditionally observe a seasonal slowdown and this month has by and large remained true to trend. The Property Activity Index has shown one pattern across the UK and that is a slowdown in supply. However, as the index’s historical data highlights supply was much slower in October 2016 and overall we are seeing year on year growth. As we now head in to the last few months of the year it is unlikely that we will see any major increases in activity until January. 

Monthly % Changes for October 2017

% Changes for Aug - October 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
Oct 17Oct 16Oct 17Oct 16
Central England-10.5-11.37-0.9
East Anglia-9.7-7.6-1.7-2.5
East Midlands-14-18.3-6.8-14.3
North East-4.8-31.20.3-18.1
North West-6.6-8.4-45.8
South East1.8-20.70.7-4.1
South West-7.6-12.2-11.910
West Midlands4.5-4.99.213
Yorks & Humber4.3-10-6.5-2.7
New ListingsProperties Sold
Aug -
Jul 17
Aug -
Oct 16
Aug -
Oct 17
Aug -
Oct 16
Central England0.7-
East Anglia-1.5-3.7-10.5
East Midlands-5.9-7.9-0.91.7
North East-4.4-4-3.63.4
North West-3.4-4-1.12.7
South East0.4-
South West-2.5-4.8-0.91.7
West Midlands1.4-
Yorks & Humber-1-

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