UK property market exceeds expectations in July
The property market heats up as July’s data from the Agency Express Property Activity Index has reveals continued growth across the UK.
National month on month figures for properties ‘Sold’ sat at 41% and new listings ‘For Sale’ at 32.8%, both record highs for the month.
The buoyant trend continued with all 12 regions reporting increases in both new listings ‘For Sale’ and properties ‘Sold’.
Commenting on the Property Activity Index results, Ben Brookes, Managing Director of Agency Express said:
This month we have seen very positive levels of activity across the UK property market and our expectations continue to be exceeded. Instructions continue to increase daily and we have also seen a number of new agents entering the industry. Overall, the marketplace feels optimistic and resilient and much of this could be attributed the stamp duty holiday. Over the next few months we would typically see a slowdown, but with the current levels of activity we are confident that the upward trend will continue.
To read the latest Property Activity Index report in full click here: