How low did Novembers property market go
The latest data revealed by the Agency Express Property Activity Index, shows that the UK property market has significantly slowed in pace as we settle in for the winter months. National figures for properties ‘Sold’ fell by -14.7% as did new new listing ‘For Sale’ falling by -12.2%.
While a decline in figures is not unexpected reports from the Council of Mortgage Lenders revealed mortgage lending to be at its strongest spell since the financial crisis.
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 property market to slow in pace. While this month we have witnessed some year on year declines particularly in ‘Sold’ figures, the reported increase in lending indicates that we could see a robust start to 2016.
Click here to read the latest Agency Express Property Activity Index Report in full: