Autumn slump for UK property market in 2021

Following a momentary pick up in pace across the UK property market in September, the latest data from the Agency Express Property Activity Index has once again reported declines inactivity.

October’s national month and month figures for new listings ‘For Sale’ fell to -5.3% and figures for properties ‘Sold’ to -4.1%. A seasonal adjustment is expected in October but according to the index’s historical records, activity across the market continues to decline.

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

The South East bucked the trend with new listings at 1.6% and figures for properties ‘Sold’ at 4%, but overall figures remian dfown year on year. 

The regions to record the smallest declines in this month’s index included:

 New listings ‘For Sale’

  • South West -1.9%
  • West Midlands -2.7%
  • East Anglia -2.7%
  • East Midlands -4.8%
  • Yorkshire & Humberside -5.9%
  • Scotland -6%

Properties ‘Sold'

  • South West -0.2%
  • East Midlands -1.7%
  • East Anglia -2.4%
  • London -2.4%
  • Yorkshire & Humberside -2.9%
  • North West -5.7%

The greatest decline in this month’s Property Activity Index was recorded in London with figures for properties coming on to the market falling to -11.9%. Wales followed suit with figures for properties ‘Sold’ at -11.4%.

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

Activity in October can fluctuate and with a general lethargy across the market, this month’s data comes as no surprise. Property market activity from April onwards has been slow and with the currently trajectory we do not expect any increase until after the new year.

Monthly % Changes for October 2021

% Changes for Aug - October 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
Oct 21 Oct 20 Oct 21 Oct 20
NATIONAL -5.3 -12.7 -4.1 -0.1
Central England -8.7 -11.3 -6.7 9.1
East Anglia -3.3 -17.4 -2.4 5.4
East Midlands -4.8 -10.2 -1.7 0.7
London -11.9 -9.7 -2.4 5.3
North East -7.6 -13.6 -15.9 -3.8
North West -8.2 -7.1 -5.7 1.7
Scotland -6 -12.7 -9.5 -16.7
South East 1.6 -15.2 4 -6.3
South West -1.9 -16.5 -0.2 -0.5
Wales -7.5 -18 -11.4 -2
West Midlands -2.7 -5.8 -5.3 5.5
Yorks & Humber -5.9 -11.7 -2.9 -7.5
New Listings Properties Sold
Aug -
Dec 21
Aug -
Oct 20
Aug -
Oct 21
Aug -
Oct 20
NATIONAL -3 -5.1 -2.9 0
Central England -1.9 -3.6 -1.5 4.6
East Anglia -1.1 -4.2 -1.9 5.3
East Midlands -3 -4 -3.6 -0.4
London -6.6 1.2 -5.1 5.9
North East -6.1 -0.7 -5.9 -0.8
North West -4.8 -9.2 -4 -7.3
Scotland -0.8 -3.8 -1.6 -6.4
South East 1.1 -4.5 1.5 4.5
South West -2.8 -5.4 -0.1 4.5
Wales -4.9 -8 -6.2 1.7
West Midlands -3.2 -1.8 -4.2 2.3
Yorks & Humber -3.9 -11.5 -4.1 -11
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!