Posts with tag: Agency Express

Property market index reports lockdown in March 2020

Published On: April 7, 2020 at 8:37 am


Categories: Property News

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Unsurprisingly, new data from Agency Express reveals a significant slowdown across the UK property market.

Its Property Activity Index shows that a usually robust March saw national month on month new ‘For Sale’ listings fall to -16.1%. Figures for properties ‘Sold’ also fell to -15.8%.

The index’s archives also highlight that this month’s activity is the slowest on record for March. Notably, this data has been heavily affected by suspension of services.

The downward trend continued across the UK, with all regions recorded by the Property Activity Index reporting declines both properties ‘For Sale’ and ‘Sold’.

A resilient Yorkshire and Humberside reported the smallest decline with figures for properties ‘Sold’ at -9%.

Of the remaining 12 regions the smallest declines in this month’s index were reported by:

New listings ‘For Sale’

  • East Anglia -10.6% 
  • North West -12.9% 
  • Central England -16.2% 

Properties ‘Sold’

  • Central England -10.4% 
  • South West -10.0% 
  • East Anglia -12.8% 
  • North East -16.6% 

Wales has seen the largest decline, according to the Property Activity Index. Figures for new listings ‘For Sale’ fell to -17.6% and properties ‘Sold’ at -26.2%. 

The next biggest decline was recorded to be in the North East. New listings were at -21.3% and properties ‘Sold’ at -16.6%.

However, both regions currently remain buoyant over a three-month rolling period and both have seen an increase in year on year activity.

Stephen Watson, Managing Director of Agency Express, comments: “March’s data from the Agency Express Property Activity Index, has as expected returned significant declines. This is partly due to the natural slowdown that occurred as the COVID-19 virus gained momentum.

“However, towards the latter end of the month, our figures are heavily affected by our suspension of services. So, on this basis is it hard for us to give a true reflection of this month’s activity.

“Moving forwards, as anticipated, we don’t expect to see any immediate changes or growth and our figures will be heavily impacted by the suspension of services for the forthcoming months.”

Property Activity Index shows figure slowdown in February 2020

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


Categories: Property News

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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


Categories: Property News

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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.”