Housing market continues its growth

13:08 12 March 2012

There was a surprise rise in market activity during July

There was a surprise rise in market activity during July

Archant

The housing market showed further signs of recovery last month, according to the MyMoney24 Property Index.

The index, produced in association with Agency Express, showed that the number of sales in the residential market rose by 43pc in February, which represents the largest rise in two years.

The number of new For Sale listings also rose on a monthly basis, up nearly 20pc on January’s figure.

As well as the monthly rises, both Sold and For Sale listings were higher on an annual basis – up 7.7pc and 4.2pc respectively.

Regional hotspots for new For Sale listings included the West Midlands (up 36pc) and the North-East (up 28pc).

The West Midlands was also the star performer when it came to data on Sold properties, with a rise of 62pc during February. Scotland (up 60pc) was a close second.

“Our Index figures for February show a very encouraging consolidation of the housing market, virtually nationwide,” said Agency Express managing director Stephen Watson.

“A combination of relatively low interest rates, more affordable property prices and the stamp-duty incentives pre-March for first time buyers, coupled with the early mild weather, has obviously put the thought of moving house back into people’s minds.”

Agency Express provides a nationwide estate-agency board service, with the property index based on demand for Sold and For Sale boards.

Latest Stories from SNAP.PA

The tech giant is accused of not being able to count as it jumps from Windows 8 to 10.

Read more

RAF Tornadoes successfully destroyed a heavy weapons post and vehicle with a mounted machinegun in support of Kurdish troops.

Read more

George Osborne has reached his target weight on the 5:2 diet. Now, about the economy…

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

Advanced running and training technology for beginners up to elite athletes

If you’re thinking of adding running treadmill to your fitness routine, you’re on the right track! There are several advantages to running on a treadmill versus running outdoors.

Top Stories

Quizzes

Andy Johnson pictured during his first stint at Crystal Palace (Photo by Julian Finney/Getty Images)

Test your knowledge of Crystal Palace with our fun quiz on the Eagles’ history.

Read more
(Photo by Ben Horton/Getty Images for Madame Tussauds Hollywood)

If there’s one thing that can change Londoners from nice, normal people into superhumans capable of extreme levels of rage and passive aggression, it’s the descent below-ground.

Read more
Do you fancy yourself as a football ground know-it-all? Try our devilishly difficult quiz!

How well do you know your football stadiums? This brand new quiz from London24 will seperate the men from the boys...

Read more