South East dominates as February sales instructions rise

Estate agents have brought more homes to market this month compared with January but February instruction figures are not as high as last year, according to TwentyCi.

Figures from the property data company show there were 529,085 residential properties available for sale across the UK as of 11 February compared with 472,341 in January.

Its latest Homemover Pulse blog for February shows the South East continues to dominate new instructions, with 84,232 new properties coming onto the market. 

Inner London was the second busiest, with 60,763 new instructions, followed by the East of England and the North West with 57,572 and 57,349 new instructions respectively.

The regions with the least amount of properties coming onto the market are Northern Ireland, with 8,856 new instructions and the North East with 18,502 new instructions.

At the time of publication, there were 351,612 properties across the UK that are sales agreed, compared with 376,518 in January.

The South East dominates again with 57,975 properties sold subject to contract. The East of England and the North West are the second and third most popular, with 39,237 and 38,838 properties sales agreed respectively. 

The regions with the least number of properties sold subject to contract are Northern Ireland, with 10,846 properties sold subject and the North East with 13,303 properties at the sales agreed stage of the sales journey.

The completions figure for the three months to February was 246,193, compared with 269,404 a month before.

The region with the greatest number of contract completions, once again, took place in the South East, with 39,942. 

This was followed by the North West, with 26,168 completions, the East of England, with 26,152 completions and the South West, with 26,076 completions.

Northern Ireland had the least activity in the last three months, with 5,307 completions, followed by the North East with 9,652 completions in the last three months.