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Index shows more people selling property

Following Nationwide Building Society and Halifax research showed that property prices went up in May, new research has indicated that so did the number of sales.

According to the latest Agency Express Property Activity Index, May saw more people deciding it was an ideal time to sell a house.

No other time in the last 12 months noted more people selling bricks and mortar, the study found.

Agency Express based its findings on the volume and activity status of "For Sale" and "Sold" boards in the UK.

Last month's research suggested that the number of "Sold" signs instructed by UK-based estate agents was up 1.7 per cent on the previous month.

Stephen Watson, managing director of Agency Express, said: "The new Agency Express Property Activity Index is based on data collected since January 2007 and shows that there are definite signs of a recovery in the residential housing market."

Mortgages for professionals is a whole-of-market broker providing expert mortgage advice to high earning professionals such as pharmacists, engineers and doctors.

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