UK lettings market is buoyant after slump
The UK lettings market was “buoyant” in October, following a three month slump, the latest data from Agency Express shows.
National month on month figures for properties ‘To Let’ were up by a dramatic 24.1 per cent and properties ‘Let’ up 8.1 per cent, according to the company which erects boards for estate agents.
All 12 regions reported increases in new listings ‘To Let’ and 11 reported increases in properties ‘Let’.
The largest increase in this month’s Index was reported in the North East.
Following slow activity during August and September, figures bounced with new listings ‘To Let’ up by 66.8 per cent and properties ‘Let’ up 12.3 per cent.
Year on year figures for the region have also increased.
A particularly robust market was also reported in West Midlands with month on month figures for new ‘To Lets’ up 38 per cent, marking a record best October for the region.
Other hotspots across the country included:
- Yorkshire and Humberside 45.1 per cent
- Wales 36.4 per cent
- Scotland 36.2 per cent
- South East 23.6 per cent
- North East 21 per cent
- Central England 21 per cent
- London 15.4 per cent
Properties To Let…
- London 27.9 per cent
- East Anglia 16.4 per cent
- South West 13.6 per cent
- North East 12.3 per cent
- West Midlands 11.1 per cent
- Wales 10.2 per cent
The only region to record a decline was the East Midlands. Falling for a second consecutive month, figures for properties ‘Let’ were down 8.0 per cent.