The UK housing market is showing signs of improving pipeline business, says the ‘man with the boards’.
Although it is not clear whether Agency Express has improved its own market share, according to its latest figures, month-on-month data for April 2012 shows that For Sale signs converting to Sold increased by 9.5% – the third consecutive monthly increase – while orders for new For Sale boards rose by 13.3% compared to March – the fourth consecutive monthly increase.
New For Sale listings during April were the highest since last May and the second highest since August 2010, while there were the highest number of Sold signs since February 2010.
Of the 12 UK regions covered, ten saw month-on-month increases in new listings during April, compared to March, and 11 regions saw increases in properties sold.
For both categories, figures were positive when comparing performances for this April with those of April last year.
Stephen Watson, managing director of Agency Express, said: “Despite concerns over the impact from the ending of the Stamp Duty holiday for first-time buyers and the Government’s double-dip recession figures announced last week, the UK housing market remains in good health.
“Our Property Activity Index offers a different view on the market place compared to other indices. It’s a barometer as to what is happening or is likely to happen in the near future.
“With the monthly volume of board movements hitting their highest levels in over two years, and consecutive month on month growth since the start of the year, I am optimistic that we will continue to see strong performances throughout 2012.”
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Clever Jonnie and Wardy, you must feel you need to post and tell the world what to think.