Supply slump for UK property market
The latest property market data from the Agency Express Property Activity Index has highlighted a slowdown in supply across the UK. National month on month figures for properties ‘Sold’ remained on trend at 16.9% but figures for properties coming on to the market fell to -0.7%.
Scotland was this months top performer closely followed by Yorkshire and Humberside, but again historical data showed a greater levels of activity in 2018.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
We typically see figures plateau in February but the latest data from the Property Activity Index has shown a decline in supply compared to the same month in 2018. However, overall figures remain robust and year on year activity continues to increase for us.
To read the latest Property Activity Index in full please click here: