Property activity increases in March
The latest ‘For Sale’ board data from the Agency Express Property Activity Index has shown momentum for the UK property market throughout March 2017.
Month on month figures recorded by the index revealed robust increases in both new listing ‘For Sale, sitting at 21.7% and properties ‘Sold’ at 18%.
Looking at regional performance across the rest of then UK, all of the 12 regions recorded by the Property Activity Index reported increases in both new listings ‘For Sale’ and properties ‘Sold’.
This months top performer was the West Midlands, setting the pace for the rest of the country new listings ‘For Sale’ sat at 31.7% and properties ‘Sold’ at 22.6%.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
The month on month increases revealed by March’s Property Activity Index have reported positively across the nation. However, year on year we are seeing a decline in properties ‘Sold’ which is a reflection of the increasing affordability issues. Looking forwards in to April we traditionally experience a seasonal slowdown over the Easter holidays, but we would expect the current trend to resume promptly after.
For further analysis and to read the latest Property Activity Index report in full please click here: