Statistics
7
Property activity
T
he latest results from July's Agency Express
Property Activity Index shows that sales activity Hot spots for ‘Sold’ boards
cooled down, reflecting the traditionally slower
summer holiday season. The Index, based on the The three regions that have seen the greatest monthly increases in the number of
volume and activity status of ‘For Sale’ and ‘Sold’ boards moving to ‘Sold’ in July are:
boards across the UK, reveals that the number of ‘Sold’ signs Rank Region Percentage month
instructed by estate agents in July fell by 6.1 per cent change
compared to June. However, there is still an upward trend in 1 South West +21.3%
sales. The 3-month rolling average to the end of July 2 Greater London +20.0%
increased by 4.3 per cent on the 3-month period ending in 3 East Midlands +3.6%
June. And, compared to December 2008 – the lowest month
on record - the number of sold signs erected in July was up
150 per cent. Not-so-hot spots for ‘Sold’ boards
Only three regions experienced a monthly increase in the
number of properties sold in July - the South West was up The three regions that have seen the greatest monthly decreases in the number of
21.3 per cent on June, London was up 20.0 per cent and the boards moving to ‘Sold’ in July are:
East Midlands was up 3.6 per cent. Interestingly, whilst Rank Region Percentage month
London experienced the second largest increase in sales, the change
surrounding South East region saw the largest monthly 1 South East -14.4%
decline at 14.4 per cent. 2 West Midlands -11.7%
Unsurprisingly, the number of For Sale boards that were 3 Central England -11.6%
erected in July was 8.8 per cent down on June, explained by
many people’s reluctance to put their houses on the market
before they go on their summer holidays. But, as with the Hot spots for new listing ‘For Sale’ boards
number of properties sold, the underlying trend is still
upwards as the 3-month rolling average to end July showed The three regions that have seen the greatest monthly increases in the number of
a 3.8 per cent increase on the 3-month period ending in ‘For Sale’ boards being erected in July are:
June. Rank Region Percentage month
F
circle6
urther results from July show that: change
London was the only region to see an increase (3.0 per 1 Greater London +3.0%
cent) in the number of For Sale boards being erected. The 2 South West -0.2%
three regions experiencing the biggest falls in sales were 3 Yorkshire -0.4%
Central England that was down 15.3 per cent, Scotland
down 15.9 per cent and the South East down 17.7 per
circle6
cent. Not-so-hot spots for new listing ‘For Sale’ boards
London, the North West and Yorkshire have been the
property hot spots so far this year having experienced the The three regions that have seen the greatest monthly decreases in the number of
greatest increases in properties sold and put up for sale. ‘For Sale’ boards being erected in July are:
The regions showing the best month on month Rank Region Percentage month
performance in the number of ‘For Sale’ boards being put change
up are London up 3.0 per cent, the South West down 0.2 per 1 Scotland +2.1%
cent and Yorkshire down 0.4 per cent. The regions with the 2 North East +13.9%
poorest monthly performances in the erection of For Sale 3 South East +15.4%
boards were Central England down 11.6 per cent, the West
Midlands down 11.7 per cent and the South East down 14.4
per cent. Month-on-month percentage changes 2009
Commenting on these result, Stephen Watson, managing
director, Agency Express, said: “Having moved into the Month For Sale boards erected Sold boards instructed
summer holiday season, the downturn in the number of January +65.2% +31.5%
properties sold and those being put up For Sale is to be February +8.7% +37.5%
expected. This is consistent with previous years. The fact March +25.0% +27.4%
that June was a particularly bullish month only makes July's April -17.9% -4.7%
cooling down appear more marked and we expect to see a May +2.1% +1.7%
further decrease in activity in August. However, the trend June +20.4% +19.2%
continues to be upwards and we have seen a vast July -8.8% -6.1%
improvement in activity since December.”
www.mortgageintroducer.com September 2009 Mortgage Introducer
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