Property Activity Index reports seasonal slump

The latest data revealed by the Agency Express Property Activity Index, shows that the UK housing market has continued to slow in pace as we approach the winter months.  National figures for properties ‘Sold’ fell by 5.20% and new listing ‘For Sale’ fell by 10.70%.  While seasonal adjustments are anticipated the Property Activity Index has highlighted year on year declines for Properties ‘Sold’, with the downward trend beginning in July this year.

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

Throughout November and as we approach the run up to Christmas we inherently expect for the market to slow in pace.  Although we have witnessed some year on year declines, it is important to remember that over all the market remains in good shape.  This month’s figures are not unusually low; they balance up with the current activity in the property market which is more subdued as expected.

Please click here to read the Agency Express Property Activity Index Report in full.

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