The UK’s residential property market showed signs of life in October.
According to estate agency boards firm Agency Express, the number of properties converting from For Sale to Sold bounced up 7.5% on September. The number of new For Sale boards erected inched up by 0.8%.
Seven out of 12 regions were positive in terms of increases in Sold boards, although Scotland, Wales and the North-East all saw dips in activity.
Stephen Watson, managing director of Agency Express, said: “In recent weeks the UK property market has been drowning in negative publicity and market speculation.
“Our October Index is evidence that the current ingredients of low interest rates and the low supply of well presented, realistically priced properties, can be a real recipe for success.
“Whilst I believe the UK property market still has stiff challenges ahead in 2011 and 2012, these figures reveal some encouraging signs for many regions and cities across the UK and should go some way to installing a little more consumer confidence in the housing market.”
Comments
@Paul
Sorry to upset you but of course you have to realise not everyone is as obviously highly intelligent as you - or as eloquent
The figues still indicate a stagnant market. The number of sold boards need to increase significantly before the market is healthy for agents
Why not read this news (?) article in conjunction with the one on Nationwide.
I O you are stating the blee**** obvious so go back to sleep.
Here I am!!
Thought it had been agreed each time this item appears it is almost meaningless because:-
1. It is not a big enough sample
2. It doesn't cover the whole UK or at least not in big enough samples
3. At the end of the day what matters is what sells, not what is floated and then withdrawn
S T C
See story on this site a couple of days ago about sellers pulling out at the last minute.
That good enough for you?
Err where are the loooonysss Rantpratt, Silly Slapper etc this is a positive story, come heap your idiot negatives!