Property market growth slows in February
The latest property market data from the Agency Express Property Activity Index has revealed month on month growth across the UK, but records show that pace has slowed in comparison to 12 months previous.
National figures for February much 2017 showed new listing ‘For Sale’ sitting at 10.2% and properties ‘Sold’ at 26.2%, but supply of new listings was higher in 2016 at 23.3% and properties ‘Sold’ at 37.6%.
Across the rest of the UK, 11 of the 12 regions recorded by the index reported some level of growth and only one region reported a decline – East Anglia with new listings ‘For Sale’ sat at -5%.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
We traditionally see an adjustment in figures during February, and the latest data from the Property Activity Index has shown a slower moving property market compared to 12 months previous. However, during the first 4 months of 2016 figures were stimulated by the stamp duty changes, so we may not see a clearer yearly comparison until the summer.
To read the latest Property Activity Index report in full please click here.