Seasonal increase for UK property market but yearly figures remain down

Following slow activity throughout August, the latest data from the Agency Express Property Activity Index has reported on trend increases month on month for September.

Following five months of consecutive decline, national month on month figures for new listings ‘For Sale’ sat at 6.7% and figures for properties ‘Sold’ at 6.5%. However, records also show overall property activity to be down year on year.

Observing activity across the individual regions recorded by the Property Activity Index, ten of the twelve regions reported increases in new listings ‘For Sale’ while all twelve reported increases in properties ‘Sold’.

London sat at the top of this month’s leader board with new listings ‘For Sale’ at a robust 38.5% and properties ‘Sold’ at 11.5% but once again over all figures remain down year on year.

Other regional hot spots included:

New listings ‘For Sale’

  • Yorkshire & Humberside
  • South East
  • Central England
  • South West 6.4%
  • North West 6.3%
  • North East 5.7%

Properties ‘Sold’

  • South West 13.5%
  • North East 14.1%
  • Central England 12.4%
  • Wales 7%
  • Yorkshire & Humberside 6.9%
  • North West 6.4%

The only decline in this month’s Property Activity Index was reported in the East Midlands. Figures for new listings ‘For Sale’ fell for a second consecutive month at 0.1%. Figures for properties ‘Sold’ rose at 1%, marking the regions first increase in five consecutive months.

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

During September we typically see a spike in activity following the summer holiday slump. However, this year the Property Activity Index has shown a much slower moving market, about 15% to 20% quieter that years previous. Moving forwards, based on the seasonal trends we would expect a pickup in activity in October then a slowdown towards the Christmas period. As we move in to these months it will be interesting to see how the year on year comparisons fair.

Monthly % Changes for September 2021

% Changes for Jul - September 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
Sep 21 Sep 20 Sep 21 Sep 20
NATIONAL 6.7 6.3 6.5 5.5
Central England 7.8 5.2 12.4 4.7
East Anglia 3.9 7.5 2 9
East Midlands -0.1 6.1 1 6.7
London 38.5 17.8 11.5 4.7
North East -5.7 10.1 14.1 5.7
North West 6.3 7.5 6.4 1.3
Scotland 1.1 2.4 2 6.6
South East 8 -0.7 3 10.1
South West 6.4 8 13.5 13.3
Wales 4.9 4.5 7 -10.2
West Midlands 0 6.4 4.6 -1.1
Yorks & Humber 8.3 4.3 6.9 10.2
New Listings Properties Sold
Jul -
Oct 21
Jul -
Sep 20
Jul -
Sep 21
Jul -
Sep 20
NATIONAL -2.2 8.3 -4.3 11
Central England -0.3 6.4 -3.7 9.7
East Anglia -4.7 9.4 -6.2 11.5
East Midlands -1.1 5.7 -3.1 7.3
London 3.3 14 -3.9 13.1
North East -5.7 9.8 -1.4 9.5
North West -2.3 3.7 -2.4 6.7
Scotland 1 33.7 -0.6 36.9
South East -5.3 5.4 -8.2 12
South West -1.7 7.7 -3.9 11
Wales -2 11.5 -3.8 24.4
West Midlands -2.9 5 -4.6 4.6
Yorks & Humber -3.7 4.2 -5.2 5.3
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