The latest data from board company Agency Express’ Property Activity Index has shown a larger than usual summer fall in the lettings sector.
National figures for new listings in July designated ‘To Let’ sat at 3.6 per cent growth while properties ‘Let’ declined by 5.2 per cent.
Five of the 12 regions recorded by the index reported increases in new ‘To Let’ listings, and only three recorded increases in properties ‘Let’.
Amongst properties ‘Let’ stand-out regions were the north west (where there was growth of 12.8 per cent in the month), and the west and east Midlands (where growth was 9.1 per cent and 8.8 per cent respectively).
Amongst properties ‘To Let’ there was growth in the central England region (up 7.1 per cent), and in the east and west Midlands (up 3.7 per cent and 2.2 per cent respectively).
The largest declines were in the north east of England where in July - despite a robust month in June - new listings 'To Let' fell 10.3 per cent and properties ‘Let’ dropped a hefty 18.5 per cent.
“While some decline can be expected during the summer holiday period, the Property Activity Index shows a greater fall in activity than in years previous” admits Stephen Watson, Agency Express managing director.
Latest data from board company Agency Express suggests that last month’s...
The UK lettings market has enjoyed a 'robust' start to 2018,...
Agency Express says there has been a bounce in the number...
There’s been a cooling in the lettings market in the early...
We all know that first-time buyers have had a tough time...
There was a long-awaited return to the House of Commons this...
Last weekend a story by The Sunday Times’ Deputy Political Editor...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Let's be honest – landlords are the lifeblood of any letting...
Attention estate agents: if you're looking for a bumper Christmas bonus,...
Houses in Multiple Occupation are making up an increasing percentage of...
The government has written to Conservative MPs promising changes to the...
There’s been at most a one per cent reduction in landlords...
There’s been at most a one per cent reduction in landlords...
Tenant groups and charities reacted angrily over the Easter weekend to...
Michael Gove’s Department of Levelling Up, Housing and Communities hit back...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment