Lettings market growth in March but uncertainty remains
The latest lettings market data from the Agency Express Property Activity Index has highlighted a nationwide increase in both new listings ‘To Let’ and properties ‘Let’ during March. National figures show properties ‘Let’ sitting at 16.4% and new listings ‘To Let’ at 12.2%.
This months top performing regions included London at 28.2% and Central England at 28.4%, both recording record best increases for March.
A robust market was also recorded in the West Midlands with properties ‘Let’ sitting at 18.3% and new listings ‘To Let’ at 8%.
Commenting on the latest Property Activity Index report, Stephen Watson Managing Director of Agency Express said: Throughout March we typically see an increase in activity across the UK lettings market, and this month figures did surpass those recorded in 2016. However, between the demand for buy-to-let loans seemingly decreasing since the stamp duty hike, and the recent tax relief changes it is difficult to say what the forth coming months may hold. We may see some landlords selling off their properties as a result of the changes.
For further analysis and to read the latest Property Activity Index report in full please click here: