Sales this month dropped by 6.3% compared with May, but estate agency boards supplier Agency Express said the fall was mainly seasonal, repeating historic trends of previous years with a monthly slowdown.
New ‘for sale’ listings also decreased month-on-month by 4.4% compared to May.
Stephen Watson, managing director of Agency Express, said that falls in activity in some areas, including the North-West, North-East, Yorkshire and Scotland, were more pronounced than expected.
He said: “Predominantly the figures do follow the seasonal month-on-month trend for June established since our Index began 2007, but it does also show some real geographic variances between countries, regions and cities.
“London is frequently talked about as a barometer for the UK housing market and in June it was one of the hot-spots with some positive figures. Year-on-year figures for June 2012 against June 2011 are also very encouraging with positive growth.
“Looking ahead at the next few months I do have some specific concerns that potentially could impact on the market: the growing euro-zone crisis is undoubtedly having an impact on consumer confidence; the Olympics promises to be a sporting feast but could postpone activity until early September; and the slump in mortgage lending figures to first-time buyers since the end of the Stamp Duty concession could well restrict the bottom-end stimulus that is badly needed.”
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Comments
Mr Watson, please do not be offended by silly negative comments, any successful business mentioned on here gets knocked by the likes of Jonnie, his views are from a jealous perspective, poor chap.
Monday's Land Reg is up 0.5%. Average UK house price at £161,677.
@david essex. The LR will report what we know is at least 3 months out of date now - no change there then!
This reminds me of the valuation I did years ago where the vendor actually said to me when she had just disputed my figures (I kid you not) 'the milkman said to me...' So I just said 'he obvoously knows more about property than I do so I suggest that you use him' I just put the phone down and did not waste my breath with any parting words.
I agree with Jonnie what does a board puter upper know about this business?
Anyone guess what the land registry will report on monday up or down ?
@NEO
Im not sure about this lot bunging these reports out – im sure a sign company could comment on the market for corex, wood, diesel and all sorts of the bits a sign putting up business has to know about but let’s not get a position where the board man becomes the voice of the industry eh? Ignore it all
Jonnie
“London is frequently talked about as a barometer for the UK housing market and in June it was one of the hot-spots with some positive figures."
That's one of the dumbest things I've read here for some time (and thats up against some stiff competition). The London market is pretty much going the opposite way to the rest of the UK - how by any definition of the word can that possibly be a 'barometer for the UK housing market'?
RE Stephen Watson "bottom-end stimulus that is badly needed"
Stephen as a first time buyer I don't want bottom end stimulus in a building capacity or any other capacity. :s