Agency Express has revealed an increase in property activity during May, after a typical slowdown throughout the UK property market in April.
The new listings ‘For Sale’ month on month national figures were at 9.5%. Meanwhile, properties ‘Sold’ rose to 10.4%. The Agency Express Property Activity Index archives show that year on year figures across the UK have continued to increase.
Looking at performance across each region included in the index, 11 of them reported increases in new listings ‘For Sale’ and all 12 regions reported increases in properties ‘Sold’.
London was at the top of this month’s leader board, as its new listings ‘For Sale’ figures were at a robust 26.6%. Properties ‘Sold’ were at 21.1%. The archives also show that year on year figures for the capital have increased.
Close behind was the South East, with new listings at 21.4% and properties ‘Sold’ at 13.5%. Figures recorded in May 2019 also exceeded those recorded in the 12 months previous.
The hotspots for May included:
New listings ‘For Sale’
- London 23.6%
- South East 21.4%
- Yorkshire & Humberside 16.2%
- Central England 14.6%
- East Anglia 9.6%
- Wales 7.3%
- North East 38.2%
- London 21.1%
- Central England 16.3%
- East Anglia 13.6%
- South East 13.6%
- Yorkshire & Humberside 12.6%
Scotland showed the only decline for the month, falling for the first time since the index’s first records in 2012. Month on month figures for new listings ‘For Sale’ sat at -4.1% but figures for properties ‘Sold’ increased at 7.8%.
Stephen Watson, Managing Director of Agency Express, commented: “May has historically been a slower month for board movements. However, over the last two years we have seen a shift in this trend and year on year figures have risen. Moving in to June, activity is thus far on trend and we remain optimistic for a buoyant summer.”