According to the latest Agency Express Property Activity Index, the UK housing market is displaying signs of real resilience with November’s house sales up 66% on November 2008.
Although the number of properties ‘Sold’ in the UK fell by 8.3% in November compared to October, this figure was a much shallower fall than the previous two years which saw falls in sales in November of 23.9% in 2008 and 20.5% in 2007.
Two regions completely bucked the trend by experiencing an increase in houses ‘Sold’ in November. Scotland saw a 7.9% increase and Yorkshire witnessed a 2.4% rise.
Also, there were above average performances in the North East which fell by only 1.0% and Wales where sales were down just 2.6%.
The were also six cities that experienced increases in monthly sales in November led by Edinburgh with an 11.4% uplift, Oxford at 11.0%, Leeds at 10.9%, Norwich at 10.8%, York at 7.9% and Glasgow at 6.3%.
Stephen Watson, managing director, Agency Express, said: “We usually expect to see a considerable and universal decrease in UK property sales in November compared to October as the festive season approaches