The latest Agency Express Property Activity Index has revealed that November’s house sales were up 66% on November 2008.
Two regions completely bucked the trend by experiencing an increase in houses ‘sold’ in November. Scotland saw a 7.9% increase and Yorkshire witnessed a 2.4% uplift. And there were above average performances in the North East which fell by only 1% and Wales where sales were down just 2.6%.
The were also six cities that experienced increases in monthly sales in November led by Edinburgh with an 11.4% uplift, Oxford at 11%, Leeds at 10.9%, Norwich at 10.8%, York at 7.9% and Glasgow at 6.3%.
Stephen Watson, managing director of Agency Express, said: “We usually expect to see a considerable and universal decrease in UK property sales in November compared to October as the festive season approaches, but this year we are seeing significant signs that the market is fighting back.
“The decrease in November was less than expected especially when you consider that October was a particularly buoyant month. The picture across the UK is fragmented with a number of geographical areas showing an increase in sales and a number showing quite considerable decreases. But with the overall level of sales 66% up on this time last year and a more positive trend, we can look forward to more encouraging news in the New Year.”
Source – Mortgage Solutions Magazine
Justin Moy