Date Published 03 July 2013
When in doubt as to what the property market is really doing (as per our story on Monday), ask the ever-reliable man with the estate agency boards.
He tells us that both the number of new For Sale boards rose last month as did the number of boards converting to Sold.
Figures from estate agency boards firm Agency Express show that there was a nationwide rise of 15.8% in the number of new For Sale signs compared with May.
The most significant increases were 30.8% in central England, 39.9% in the South-East and 56.6% in the capital. Places with lower, but still notable, increases included East Midlands (up by 17.2%), the South-West (13.8%), Wales (17.0%) and West Midlands (10.8%).
Numbers of ‘Sold’ boards erected nationally rose by 9.1% and in Wales by 5%. Other hotspots included the South-West (up 15.3%), East Anglia (16.5%) and the North-East (17.5%).
In only two of the 12 regions recorded by the Property Activity index were there declines in activity.
The North-West recorded a rise of 6.7% on new ‘For Sale’ properties coming on to the market but there was a 6.3% fall in the number of Sold boards going up. In Scotland, there was a 6% fall in the number of Sold signs.
In terms of individual towns and cities, Brighton was up by 55.71% on properties coming on to the market and 42.8% on properties sold. Cardiff had increases of 29.58% on properties coming on to the market and 49.30% on properties sold, and Newcastle was up 14.11% on properties coming on to the market and 45% on properties sold.