x
By using this website, you agree to our use of cookies to enhance your experience.
STAY CONNECTED!
    
newsletter-button

TODAY'S OTHER NEWS

UK property sales fall amid summer slowdown

There was a significant decline in the volume of homes for sale and residential properties sold in July, based on the latest Property Activity Index provided by Agency Express.

The figures reveal that the number of listings ‘For Sale’ in July fell by 15.3%, while the volume of properties ‘Sold’ dropped 8.8% compared with the same month a year earlier. But over a three month rolling period the index has highlighted less of a decline, with new listings ‘For Sale’ falling by just 3.2% and properties ‘Sold’ by 3.8%.

Historical data from Agency Express shows that a decline in data during July is not uncommon, as part of a wider summer lull. 

UK property sales fall amid summer slowdown

Across the country only four of the 12 regions recorded by the Property Activity Index bucked the seasonal trend. This month’s most prominent performing region was the West Midlands, which recorded an annual increase of 5.6% for July. 

New listings ‘For Sale’

West Midlands +5.60%

East Midlands +3.10%

North West -0.50%

Wales -1.90%

Properties ‘Sold’

Wales +3.20%

North West +0.20%

South East -3.70%

South West -3.80%

The largest declines recorded in July’s Property Activity Index were made in London, where new listings fell by 49.9% and properties ‘Sold’ dropped 19.9%.

UK property sales fall amid summer slowdown

MONTHLY % CHANGES FOR JUL 16

New ListingsProperties Sold-20-15-10-50
NEW LISTINGS PROPERTIES SOLD
JUL 16 JUL 15 JUL 16 JUL 15
NATIONAL -15.3 -15.6 -8.8 -3.1
Central England -12.1 -28.9 -19 3.3
East Anglia -16.8 -16.6 -10 -4.6
East Midlands 3.1 2.6 -11.8 4.1
London -49.9 -51.7 -19.9 -19.4
North East -2.4 4.3 -22.7 -6.9
North West -0.5 -8.3 0.2 10.6
Scotland -15.3 -8.2 -18 -0.6
South East -17.1 -17.8 -3.7 0.3
South West -9 -3.7 -3.8 -5.8
Wales -1.9 -0.9 3.2 1.6
West Midlands 5.6 -1.1 -4.3 -7.7
Yorks & Humber -11.3 -8.8 -8.8 0.1

% CHANGES FOR MAY - JUL 16

New ListingsProperties Sold-5-2.502.55
NEW LISTINGS PROPERTIES SOLD
MAY - 
JUL 16
MAY - JUL 15 MAY - JUL 16 MAY - JUL 15
NATIONAL -3.2 -0.2 -3.8 2.6
Central England -2.3 -2.6 -5.9 2.2
East Anglia -1.2 -0.7 -5.2 2.2
East Midlands -3.4 1.9 -3.6 6.1
London -2.2 -4.2 -8.8 -0.3
North East -4.2 6.5 -8.9 5
North West -3.3 -0.3 -2 5.6
Scotland -4.4 0.5 -1.8 5.9
South East -5.2 0.7 -4.2 3.1
South West -4.8 1.4 -1 2.8
Wales -4.6 -0.8 -0.6 7.5
West Midlands 0.2 -0.2 1 -0.5
Yorks & Humber -4.4 0.9 -3.3 -0.2
icon

Please login to comment

Zero Deposit Zero Deposit Zero Deposit
sign up