At last – lettings market comes back to life after ‘slumber spring’

At last – lettings market comes back to life after ‘slumber spring’


Todays other news


The lettings market is looking distinctly healthier now than a month ago according to data just released by board company Agency Express.

It says that following “a slumber market” in the spring, latest figures show nationwide increases in both ‘To Let’ and ‘Let’ properties.

National figures for new listings ‘To Let’ crept back up to 3.6 per cent while properties ‘Let’ improved 2.0 per cent. 

However, over a three-month rolling period ‘Let’ figures remain down 0.9 per cent and the market still appears slightly slower than in previous years. 

Agency Express says eight of its 12 regions reported increases in properties ‘To Let’ in the past month while six reported increases in properties ‘Let’.

Regional hotspots for properties ‘To Let’ include the south west – up a strong 14.5 per cent – and the West Midlands, almost as strong with a 14.4 per cent rise. Central England was up 12.6 per cent while London improved 11.3 per cent.

In terms of Properties ‘Let By’, the West Midlands was the clear top performer, up 31.0 per cent. Central England was up 14.0 per cent and Scotland by 13.5 per cent.

London again showed improvement, albeit by a modest 7.1 per cent.

“This month we have seen some overall growth for the UK lettings market with some regional pockets recording record bests. As we move in to June which is traditionally a buoyant month we would expect to see a further increase in pace” explains Stephen Watson, managing director of Agency Express.

Share this article ...

Join the conversation: Login and have your say

Subscribe to comments
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Recommended for you
Related Articles
A tenant campaign group has suggested landlords exiting the sector...
With new Energy Performance Certificate targets for rental properties on...
The biggest rental sector headline from Labour’s manifesto may well...
A new Renters' Rights Bill is to be introduced into...
Recommended for you
Latest Features
A tenant campaign group has suggested landlords exiting the sector...
Rental platform Goodlord has taken steps to help letting agents...
Sponsored Content
B-hive Block Management Partners Celebrates Major Milestone With Over 100...
We’re absolutely delighted to announce that, after 10 years, we’re...
You don’t have to simply accept things as they are...
0
Would love your thoughts, please comment.x
()
x

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here