Property market momentum pre June elections
May’s data from the Agency Express, Property Activity Index has highlighted momentum across the UK property market on the run up to the 2017 General Elections.
Buoyant figures were recorded across the nation with new listing ‘For Sale’ sitting at 9.6% and properties ‘Sold’ at 12.3%.
This months top performers were London and the South East, whilst the largest declines were recorded in Wales.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
During May we traditionally see a slower pace throughout the UK property market, and with the imminent General Election a slowdown on some level was anticipated. However, this month’s figures have exceeded our expectations and activity is more robust compared to figures recorded in 2015. Looking forwards we won’t see the full impact of the General Election until Junes figures are collated, so it will be interesting to see if and how the usual trends of the market are affected.