Unexpected upturn in the UK property market
The latest data from the Agency Express Property Activity Index has revealed an unexpected upturn in the UK property market during August. Figures for properties ‘Sold’ sat at a record best 2.8% and new listings ‘For Sale’ at -4.4%, up from -7.5% in 2015.
Across the rest of the UK the robust trend continued with eight of the twelve regions recorded by the Property Activity Index reporting increases in properties ‘Sold’.
Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said:
Historically throughout August a slowdown in the property market is anticipated. However this month we have witnessed a widespread increase in activity, specifically in properties ‘Sold’. This month’s regional data shows eight of the twelve regions bucking the seasonal trend; if we look back at the Property Activity Index from August 2015 we can see that all twelve regions recorded declines. As we move in to September where a spike in activity is expected it will be interesting to see if the trend continues and how this reflects in the figures.
To read the Agency Express Property Activity Index Report in full click here: