Month-on-month houses sales in February were up 38.3% on January’s, according to the latest Agency Express Property Activity Index.
This put to an end three consecutive months of declining ‘Sold’ boards being erected and represents the highest level of sales since November 2010.
However, sales were still down 26.5% on last February but 14% up on February 2009.
This means the number of house sales was 25.1% higher than the monthly average over the last 50 months, although they are still 59% lower than the market peak in May 2007, before the onset of the credit crunch.
The level of house sales across the country was very positive with all regions seeing significant increases. Scotland topped the list, with sales of 62.1% followed by Greater London which was up 61.4%.
The North West saw a rise of 52.3%, the West Midlands increased by 43.4% and the South East saw sales rise by 43.1%. The region with the lowest improvement in house sales was the North East but still with a rise of 15.1%.
Stephen Watson, managing director of Agency Express, said: “Activity in February has built on the improving positions we saw in January. Better weather conditions certainly helped the situation and we could be seeing people moving and securing a fixed rate mortgage now before interest rates start to go up as expected in the next few months.
