Property market slowdown during May

The latest data from the Agency Express Property Activity Index has shown a decline in activity for the UK property market during May.

National figures for properties ‘Sold’ dropped for a third consecutive month, sitting at -4.4% as did new listings ‘For Sale’ sitting at -3.7%.  

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

During May we’ve historically witnessed a slower pace throughout the UK property market and the figures for 2016 have largely remained true to trend.  This time last year it was clear to see that the General Election had taken its toll on the UK property market.  Now as we head towards the EU referendum it is predicted that we may see yet another slump in activity. With June being a buoyant month for the UK property Market it will be interesting to see what the Property Activity Index unfolds post June 23rd.

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

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