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 market spikes in September after traditional summer slowdown

The latest data from the Agency Express Property Activity Index revealed a healthy increase in housing activity during September following the traditional summer slowdown across the UK property market.

There were nationwide increases in both new listings ‘For Sale’ (at 18%) and properties ‘Sold’ (at 13.8%), according to the month on month data recorded by the index.

All 12 individual regions recorded by the Property Activity Index reported rises in new listings ‘For Sale’, while 11 reported increases in properties ‘Sold’.

September’s top performing region was the West Midlands. After three successive months of decline, figures for the region bounced back with new listings ‘For Sale’ at 40.1% and properties ‘Sold’ at 33.6%.

The East Midlands also recorded strong month on month increases (44.5%) for new listings ‘For Sale’, while rises were also seen in Central England (25%), Yorkshire and Humberside (20.6%), London (20.1%), East Anglia (18.3%) and the South East (16.3%).

For properties sold, meanwhile, Yorkshire and Humberside (31.5%), the North West (16.4%), Scotland (13%), Wales (12.4%) and the North East (11.1%) were other regions that recorded strong month by month growth.

The only fall in September’s Property Activity Index was seen in London, with figures for properties ‘Sold’ in the capital declining for a third consecutive month at -2.7%.

“During September we typically see a spike in activity following the summer holiday slump and this year has remained true to trend,” Stephen Watson, managing director of Agency Express, said of the latest findings.

icon

Please login to comment

valpal
submit
sign up