UK Lettings market slows in February

February 2019’s letting market data from the Agency Express Property Activity Index has revealed drop in activity across the UK.

National month on month figures for new listings ‘To Let’ fell to -16% and properties ‘Let’ to -5%. While February’s figures are impacted by the January spike the index’s year on year data shows greater levels of activity in 2018.

The only region to record an increase in this months index was London at 16.5%.

Commenting on the Property Activity Index Lettings Report, Stephen Watson Managing Director of Agency Express said:

The Property Activity Index historically shows us a slowdown in activity throughout the lettings market in February. This month has remained relatively true to trend but over all we are seeing a slower market compared to 12 months previous. 

To read the latest Property Activity Index in full please click here: