Posts with tag: Property Activity Index

Property Activity Index shows figure slowdown in February 2020

Published On: March 4, 2020 at 9:43 am

Tags: Agency Express,Property Activity Index,property market

Rental demand increases, led by south coast

Following a strong start to 2020, the property market began to slow in February. The latest Agency Express Property Activity Index shows mixed activity across the UK.

Looking at the figures for properties ‘Sold’, we can see a robust increase of 12.8%. However, figures for properties coming onto the market fell at -0.6%. It has been noted that this activity does remain on-trend with year on year data.

All twelve regions recorded in the Property Activity Index have reported increases in properties ‘Sold’. When it came to properties coming onto the market, only six regions reported increases.

Scotland sat at the top of this month’s leader board with new listings ‘For Sale’ at 20.9% and properties ‘Sold’ at 22.9%. This month’s figure is indeed buoyant, but historical data shows a greater level of activity in 2019.

There was a similar trend in London, which reported figures for properties ‘Sold’ at 22.5%. This marks the largest increase for the month since 2017. However, the greatest decline in this month’s index was also recorded in the capital. Following a bounce in activity during January, month on month figures for new listings in the capital fell to -10.4% and to -17.5% over a three-month rolling period.

Other regional hotspots in this month’s index included:

New listings ‘For Sale’

East Midlands 6.6%
Yorkshire and Humberside 4%
North East 1.7%
Central England 1.2%
West Midlands 0.8%

Properties ‘Sold’

Central England 18.2%
Wales 15%
East Midlands 14.2%
South West 13.8%
South East 13.2%

Stephen Watson, Managing Director of Agency Express, has commented on the latest Property Activity Index data: “We typically see figures plateau in February following the January spike, but the latest data from the Property Activity Index has shown a marginally slower-moving market compared to 12 months previous.

“Nevertheless, we have seen a resurgence in activity when compared to the back end of last year, which leaves us in good stead for forthcoming months.”

Scotland sees tough month for property activity, latest Agency Express index shows

Published On: November 8, 2019 at 10:05 am

Author: Em Morley

Categories: Property News

Tags: Agency Express,Property Activity Index,property sales

The data from Agency Express has revealed that not much has changed in the UK property market since the mixed month we had in September.

The national month on month figures in the October Property Activity Index show that properties ‘Sold’ sat at 8.1%.

New listings ‘For Sale’, however, feel at -3.2%. Agency Express expected to see a seasonal fluctuation in activity, but according to the index’s historical records, figures were far greater in 2018. New listings were at 10.6% and properties ‘Sold’ hit a record best of 20.7%.

Of the twelve regions recorded by the Property Activity Index, four reported increases in new listings ‘For Sale’. Meanwhile, another ten reported increases in properties ‘Sold’.

This month’s top performers included:

New listings ‘For Sale’

London 6.1%
East Anglia 5.5%
North West 2%
South East 0.6%

Properties ‘Sold’

East Anglia 13.9%
Central England 12.7%
Yorkshire & Humberside 9.8%
London 8.5%
North West 7.9%

Top of the leader board for October was the East Midlands, with figures for properties ‘Sold’ at 26.1%. Following two months of consecutive decline, the increase in figures brought the region back on track for the month.

Scotland saw the greatest declines, with new listings ‘For Sale’ at -12.2% and properties ‘Sold’ falling for the fifth consecutive month at -6.3%. Again, looking back at the index’s historical record, Agency Express points out that activity was far greater 12 months previous.

Commenting on the latest index, Stephen Watson, Managing Director of Agency Express said: “October’s Property Activity Index data has reported a slowdown in properties coming on to market across the UK.

“Traditionally the decline is expected but in 2018 we saw a significant change in this trend. This month’s regress in figures could have been a reflection of the impending Brexit decision. As we now head into the last few months of the year, we would expect to see a further slowdown in activity.

“However, with our current level of activity and uncertainty looming across the nation it will be interesting to see how the seasonal slowdown compares to years previous.”

Latest Agency Express data shows property market heated up in July

Published On: August 14, 2019 at 8:47 am

Author: Em Morley

Categories: Lettings News

Tags: Property Activity Index,property market

There has been a spike in property sales across the UK during July, according to the latest Agency Express data.

The national month on month figures for properties ‘Sold’ were at 3.8%. New listings ‘For Sale’ saw a dip at -2.4%. However, the historical records for this index do show the declines made in July 2019 to be less than those recorded 12 months previous, when looking at yearly comparisons.

Looking at data from across the country, eight of the twelve regions recorded in the Property Activity Index have bucked the seasonal trend. Both new listings ‘For Sale’ and properties ‘Sold’ have reported increases.

Properties in the East Midlands have put the region at the top of this month’s leader board. Figures for new listings were at a robust 21.7% and properties ‘Sold’ were at 10.7%. This spike in figures marked the largest increase in activity fir July since the index’s records began in 2012.

Other regional hotspots include:

New listings ‘For Sale’

North West 9.3%
Scotland 9.2%
Yorkshire & Humberside 7.1%
West Midlands 6.5%
Wales 5.9%
North East 2.1%
South West 0.8%

Properties ‘Sold’

East Anglia 12.1%
Yorkshire & Humberside 10.2%
London 5.2%
South East 4%
South West 3.7%
North West 2.8%
Wales 1.2%

The largest declines seen in the Property Activity Index for July this year were recorded in Central England. The new listings have fallen to -18.3% and properties ‘Sold’ have dropped to -2.7%. However, while the month on month decline is significant, figures recorded over a three-month rolling period still remain buoyant. The same goes for the year on year figures.