Housing market swings into autumn at a slower pace...

The article below is from Property Industry Eye
Written by Rosalind Renshaw, 2nd Oct 2014:

The autumn housing market is on the move again - but more slowly than normal.

According to our 'man with the boards' survey of estate agency signs, the number of new For Sale boards in September was up by 4.6% on August. That compares with an 11.2% rise in September last year.

Sale properties that converted to Sold were up 3.2% on August, compared with a rise of 17.2% in September 2013.

However, there were marked regional variations, says Agency Express. Top performing regions were:

Properties 'Sold'

Wales +31.00%

North East +30.60%

West Midlands +17.90%

North West & Yorkshire & Humberside +6.90%

New listings 'For Sale'

London +21.50%

Central England +12.60%

South West +9.50%

East Anglia +7.00%

The largest declines were in the east midlands. After an unseasonal spike in figures during August, there was a fall of 5.50% in new listings 'For Sale' and a drop of 12.50% for properties 'Sold'.

Published on 02 October 2014