In its latest Property Activity Index, Agency Express, the UK’s largest estate agency board specialists, revealed that the UK housing market continued its slow but steady recovery in 2012.
While December’s month-on-month house sales experienced the usual seasonal decline, dropping 30.3 per cent on November, overall the total number of properties that achieved ‘Sold’ status in 2012 increased by 4.9 per cent compared to 2011, the second highest annual total since the Index began in 2007.
For properties achieving ‘Sold’ status all twelve of the regions covered by the Index showed month-on-month decreases for December against November but very much in line with the seasonal trend.
Evidence of a recovery in confidence can also be seen in the number of new ‘For Sale’ properties coming onto the market in 2012, up by 3.7 per cent compared to 2011.
The December Index also provides further encouragement through the fact that December house sales were the highest recorded for any December since the Property Activity Index began.
Published: 10 January 2013
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