UK property market heats up in spite of COVID 19
July’s data from the Agency Express Property Activity Index, has shown continued growth across the UK property market in spite of continued COVID 19 restrictions.
National month on month figures for properties ‘Sold’ sat at 41% and new listings ‘For Sale’ at a slightly less 32.8%; both figures are record highs for the month.
While all regions in this month index reported increases, the most consistent performer was Yorkshire and Humberside with figures for properties ‘Sold’ at a robust 51.9% and new listings for ‘Sale’ at 43.8%. Once again, the index’s archives showed this to be best July for the region on record.
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: