Unexpected dip in property activity during April
The latest data from the Agency Express, Property Activity Index has revealed an unexpected dip in activity across the UK property market during April.
National month on month figures for properties ‘Sold’ fell to sit at -15.1% as did figures for new listing ‘For Sale’, sitting at -11.5%. The dip continued across the UK with all 12 regions recorded by the Property Activity Index returning declines in properties ‘For Sale’ and ‘Sold’.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
This month we have witnessed an unseasonal decline in figures, which may be as a result of the two bank holiday weekends and reduced number of working days. However, if we look at the Property Activity Index’s rolling three monthly figures we can see that all twelve regions reported increases in both ‘For Sale’ and ‘Sold’ properties, so essentially the market remains steady. Moving forwards in to May we generally see a slower pace across the market then a pick up again in June, but as we head towards another general election it will be interesting to see how the usual figures fair in comparison.
To read the latest Property Activity Index report in full please click here.