Letting market activity picks up momentum

Buy To Let Houses400x310 1

There has been an improvement in the letting market, according to board company Agency Express.

The number of new rental property listings ‘to let’ increased by 12.6% in February compared to the previous month, while the volume of properties ‘let’ was up 8.3% during the corresponding period, the latest letting data from the Agency Express Property Activity Index has revealed.

Looking at performance across the UK, 10 of the 12 regions recorded by the Property Activity Index reported increases in new listings ‘to let’ and ‘’let by’.

The largest increase in this month’s index was recorded in Scotland with properties ‘to let’ at 37.2%, while the region also reported the largest increase in properties ‘let’ at 34.7%.

The West Midlands followed suit with figures for new listings ‘to let’ at 20.1%.

Here are the prominent performing regions:

Properties ‘to let’

Wales 35.6%

South West 21%

West Midlands 20.1%

Central England 19.4%

North West 14.2%

Properties ‘Let By’

Central England 21.2%

West Midlands 19.4%

East Midlands 17.4%

North West 13.1%

Stephen Watson, managing director of Agency Express, commented: “This month’s Property Activity Index has remained by and large true to trend. A few regional pockets have reported record bests, but on a whole demand continues to be greater than supply. As we now move in to April and the Easter holidays we would expect a to see a seasonal dip.”

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!

Other Articles

Can't find what you're looking for?