No signs of slowdown

To date 2013 has been an exciting year for the UK property market. Property sales have flourished, the Bank of England’s ‘Funding for Lending Scheme’ has helped drive growth forward and financial institutions have taken advantage of extra capacity by adjusting their offerings tempting new buyers to the market. 

Over the last nine months Agency Express the UK’s largest ‘For Sale’ board contractor has reported these encouraging signs of growth to the property market in the form of their monthly ‘Property Activity Index’ report.   The latest national figures recorded by the Agency Express Property Activity Index have shown a continual rise in property sales for the ninth consecutive month. This month national figures reported a robust 17.2% increase over August’s increase of 1.6% emphasising the continued growth and strength of UK property market.

 Regional figures recorded by the Index show three consistent performers, The South East recording a 23.6% rise in property sales within the last month, their ninth month of reporting an increase in sales.  London over a three month average reports an overall increase in property sales of 16.8% and within the last month an increase of 26.5%.  The South West also reports a 14.2% increase in sales over a three month average and a robust increase of 21.4% in the last month.

Looking more closely at the data recorded by the Property Activity Index, regions achieving robust figures for ‘new listings for sale’ include:  Central England up by 25.3%, East Anglia up by 7.5% from last month’s -12%, East Midlands up by 10.8%, The North West up by 19.5%, Scotland up by 18.8%, The South East up by 14.3%, The West Midlands up from -6.6% to 10.9% and a massive rise for the London of  44.9% from last month’s decline of25.2%.

 The Property Activity Index has been reporting information the nation’s board movements for over seven years.  The ‘real time’ data collection allows the report to show emerging trends months before many other industry reports and accurately report on over 90% of all postcoded areas of the UK.

 Agency Express Comments

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

A robust month for the property market but can we maintain current speed and growth. However with news that the second phase of ‘Help to Buy’ scheme is to be launched three months early, we could see an increase of potential buyers coming on to the market. Over the next few months it will be interesting to see if the upward trend continues or if we experience the usual seasonal drop in market activity.

Monthly % Changes for September 2013

% Changes for Jul - September 2013

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
Sep 13Sep 12Sep 13Sep 12
NATIONAL11.217.317.213.2
Central England25.31116.117.2
East Anglia7.513.611.49.7
East Midlands10.828.615.5-6.9
London44.92125.623.2
North East19.525.821.339.6
North West2.215.6-0.3-2.2
Scotland18.811.514.90.8
South East14.331.323.633.5
South West-322.621.426.1
Wales8.6-0.32922.3
West Midlands10.99.731.12.3
Yorks & Humber5.229.316.419.6
New ListingsProperties Sold
Jul -
Dec 13
Jul -
Sep 12
Jul -
Sep 13
Jul -
Sep 12
NATIONAL-4.22.29.23
Central England-9.3-0.88.22.8
East Anglia-4.40.85.90.8
East Midlands-4.276.5-2.4
London-11.2-3.716.80.7
North East-0.39.95.83.2
North West-3.532.70.2
Scotland1.41.74.15.6
South East-3.47.517.85.5
South West-4.82.114.24.4
Wales-4.30.66.710.4
West Midlands-1.8-0.48.39.1
Yorks & Humber-3.38.17.33.7
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