Robust bounce back for UK property market in September

September’s data from the Agency Express Property Activity Index has revealed a buoyant month for the UK property market. National month on month figures show new listings ‘For Sale’ at 6.3% and figures for properties ‘Sold’ at 5.5%.

While an increase in activity is anticipated in September, according to the index’s historical records this month figures are greater than those recorded in the same period of 2019, where new listings ‘For Sale’ sat at 0.1% and properties ‘Sold’ at -2.6%.

Looking at regional performance across the UK, eleven of the twelve regions reported by the Property Activity Index recorded increases in properties ‘For Sale’ and ten recorded increase in properties ‘Sold’.

London sat at the top of this month’s leader board with figures for new listings at 17.8% and properties ‘Sold’ at 4.7%. The South West followed suit with new listings at 13.3% and properties ‘Sold’ at 8%. Both regions recording significant year on year increases.

Other areas to record robust increases throughout the month included:

New listings ‘For Sale’

  • North East 10.1%
  • North West 7.5%
  • East Anglia 7.5%
  • West Midlands 6.4%
  • East Midlands 6.1%
  • Central England 5.2%
  • Wales 4.5%
  • Yorkshire and Humberside 4.3%

Properties ‘Sold’

  • Yorkshire and Humberside 10.2%
  • South East 10.1%
  • East Anglia 9%
  • East Midlands 6.7%
  • Scotland 6.6%
  • North East 5.7%
  • Central England 4.7%

The largest month on month decline in September’s Property Activity Index was recorded in Wales with figures for properties ‘Sold’ at -10.2%. However, the index’s rolling three monthly data shows a more resilient market at 24.4%

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

During September we typically see a spike in activity following the summer holiday slump. However, this year in spite of the pandemic the Property Activity Index has shown greater activity across the market compared to 12 months previous.

Moving forwards, based on the seasonal trends we would expect a further increase activity during October then a slowdown towards the Christmas period, but with the current rate of activity and no immediate signs of slowing, it will be interesting to see if the usual downward trajectory occurs.

Monthly % Changes for September 2020

% Changes for Jul - September 2020

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
Sep 20 Sep 19 Sep 20 Sep 19
NATIONAL 6.3 0.1 5.5 -2.6
Central England 5.2 6.2 4.7 -11.5
East Anglia 7.5 4.9 9 2.2
East Midlands 6.1 -0.6 6.7 -14.4
London 17.8 2 4.7 0.5
North East 10.1 -8.3 5.7 -2.7
North West 7.5 -3 1.3 -0.7
Scotland 2.4 3.1 6.6 -2.9
South East -0.7 0.9 10.1 5.5
South West 8 -4.4 13.3 -3.2
Wales 4.5 -3.9 -10.2 1.4
West Midlands 6.4 -1 -1.1 -12.8
Yorks & Humber 4.3 0.5 10.2 5
New Listings Properties Sold
Jul -
Oct 20
Jul -
Sep 19
Jul -
Sep 20
Jul -
Sep 19
NATIONAL 8.3 -3.4 11 -1.8
Central England 6.4 -9.2 9.7 -6.8
East Anglia 9.4 -4.1 11.5 -1
East Midlands 5.7 4.4 7.3 -3.9
London 14 -18.7 13.1 -1.4
North East 9.8 -4.6 9.5 -3.8
North West 3.7 1.5 6.7 0
Scotland 33.7 -0.8 36.9 -1.7
South East 5.4 -6.7 12 1.2
South West 7.7 -4.4 11 -2.9
Wales 11.5 -2.1 24.4 -2.1
West Midlands 5 -0.6 4.6 -3.6
Yorks & Humber 4.2 2.4 5.3 2.1
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