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Statistics
Property activity
I
nstead of looking at the usual statistics on the number
of mortgages taken out or the number of products Hot spots for ‘Sold’ boards
available to the broker market, this month I thought
I’d look at the market from a different angle - an The three regions that have seen the greatest monthly increases in the number of
index, based on the volume and activity status of ‘For boards moving to ‘Sold’ in June are:
Sale’ and ‘Sold’ boards across the UK Rank Region Percentage month
The latest results from June’s Agency Express Property change
Activity Index shows further signs that the residential 1 West Midlands +58.7%
housing market is on the road to recovery. 2 East Midlands +35.1%
The Index, based on the volume and activity status of ‘For 3 Yorkshire +28.1%
Sale’ and ‘Sold’ boards across the UK, reveals the number of
‘Sold’ signs instructed by estate agents in June rose to its
highest level for 14-months - since April 2008 - showing a Not-so-hot spots for ‘Sold’ boards
19.2% increase on May 2009. Year-on-year there were 36.3%
more sales in June 2009 than June 2008. The three regions that have seen the greatest monthly decreases in the number of
The region showing the greatest monthly increase in the boards moving to ‘Sold’ in June are:
number of boards moving to ‘Sold’ was the West Midlands, Rank Region Percentage month
with a staggering 58.7% rise, followed by the East Midlands, change
with a 35.1% increase and Yorkshire with a 28.8% increase. 1 Wales 0%
The regions experiencing the lowest increase in sales were 2 London +7.6%
Wales which remained static, London where there was a 3 North East +8.3%
7.6% increase and the North East where 8.3% more sold
signs were instructed.
Hot spots for new listing ‘For Sale’ boards
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Further results from June show that:
All regions across mainland UK have experienced The three regions that have seen the greatest monthly increases in the number of
increases in house sales except Wales, which remained ‘For Sale’ boards being erected in June are:
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static from May. Rank Region Percentage month
Q1 and Q2 2009 have shown significant increases in change
properties sold on Q4 2008 (the lowest quarter on record) 1 East Midlands +37.4%
with Q1 2009 up on Q4 2008 by 35.0% and Q2 up on Q1 2 Yorkshire +26.0%
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by 30.6% 3 London +25.4%
The number of properties sold in Q2 2009 still remains
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47% down on May 2007
The number of properties sold in June 2009 was 28.9% Not-so-hot spots for new listing ‘For Sale’ boards
greater than the monthly average for 2008 but 34.0%
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lower then the monthly average for 2007. The three regions that have seen the greatest monthly decreases in the number of
The average number of properties sold per month so far ‘For Sale’ boards being erected in June are:
in 2009 is 1.0% greater than the monthly average for Rank Region Percentage month
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2008. change
June’s new ‘For Sale’ board activity is still 32.9% down on 1 Scotland +2.1%
last June and 56.1% down on the highest recorded 2 North East +13.9%
month in the last 2 years (which was May 2007). 3 South East +15.4%
Another indicator that confidence is returning to the
market, is the 20.4% increase from May to June in the
number of ‘For Sale’ boards being erected - the fifth month Month-on-month percentage changes 2009
out of the last six that the number of new ‘For Sale’ boards
has increased on the previous month since December 2008 – Month For Sale boards erected Sold boards instructed
the lowest recorded level. January +65.2% +31.5%
The regions showing the greatest monthly increase in the February +8.7% +37.5%
number of ‘For Sale’ boards being put up are the East March +25.0% +27.4%
Midlands at 37.4%, followed by Yorkshire with 26.0% and April -17.9% -4.7%
London at 25.4%. The regions showing the smallest monthly May +2.1% +1.7%
rises in the erection of For Sale boards were Scotland at June +20.4% +19.2%
2.1%, the North East at 13.9% and the South East at 15.4%.
July/August 2009 Mortgage Introducer www.mortgageintroducer.com
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