Seasonal slump for UK property market in April 2019
Aprils property market data from the Agency Express Property Activity Index has highlighted a seasonal slowdown across the UK.
National month on month figures for new listings ‘For Sale’ fell at -4.6% as did figures for properties ‘Sold’ at -6.7%.
The West Midlands sat at the top of this months leader board. Bucking the seasonal trend, new listings ‘For Sale’ sat at 0.1% and properties ‘Sold’ at 6.6%.
The largest decline in this months index was recorded in the North East with figures for properties ‘Sold’ falling to -32.2%.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
It is not uncommon for us to see a seasonal dip in activity throughout April, but this years data shows a greater month on month decline compared to 12 months previous. Based on the trends of the last two years we would now expect a pickup in activity during May and a further increase in June. As we move in to these months it will be interesting for us to see how the year on year comparisons fair.
To read the latest Property Activity Index report in full please click here: