House Sales Slow In July

The latest results from July's Agency Express Property Activity Index show that sales activity is cooling down reflecting the traditionally slower summer holiday season. The index, based on the volume and activity status of for sale and sold boards across the UK, reveals that the number of sold signs instructed by estate agents in July fell by 6.1% compared to June. However, there is still an upward trend in sales.

The three-month rolling average to the end of July increased by 4.3% on the three-month period ending in June. And, compared to December – the lowest month on record - the number of sold signs erected in July was up 150%.

The three cities that experienced the greatest monthly increases in the number of properties sold in July were York that topped the charts with a massive 89.9% increase in sales on June, followed by Leicester up 46.2% and Edinburgh up 36.8%.

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