Property Activity Index reveals a post-Election slump

The latest data revealed by the Agency Express Property Activity Index shows slow movement for the UK property market in May. National figures for properties ‘Sold’ declined by -1.2% as did figures for new listings ‘For Sale’ which fell  by -0.6%.

Although month on month we have witnessed a dip in new listings demand for property is still on the rise. In recent press it has been stated that buyers are set to have their pick of properties with a forecasted post-election surge of home sellers.  Regional month on month data recorded by the Property Activity Index reveals that London may have already seen the effect of the surge.

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

Last month we saw some fascinating figures revealed by the Property Activity Index. It was clear to see that the General Election had taken its toll on the UK property market.  Looking at figures post-Election and we would have hoped for more of a bounce back across the board. However London has returned strong, with the threat of mansion tax lifted it seems that confidence has returned among the high value home sellers.

Click here to read the Agency Express Property Activity Index Report in full: