Property Activity Index highlights a drop in properties sold

The latest data revealed by the Agency Express Property Activity Index indicates that the seasonal slowdown has begun.  Month-on-month data recorded by the index highlighted that the number of UK wide residential properties achieving a ‘Sold’ status fell by -7.4%. This month’s Property Activity Index’s also shows that October 2013 saw a higher number of properties achieving a ‘Sold’ status.

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

October’s figures from the Property Activity Index are largely consistent with historic trends. As we head in to the autumn and winter months a seasonal slowdown is anticipated and we can often see slower activity right through to the end of January. Interestingly, although this year has seen a robust sales market the figures for properties ‘Sold’ year on year have declined. It is unlikely that we will see any major increases during the latter end of this year; however it will be interesting to see how the market picks up in early 2015.

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