Low activity for national lettings market
Data revealed in the second lettings report form the Agency Express Property Activity Index has highlighted a national increase in properties ‘To Let’ during March, rising by 0.60%. The Property Activity Index’s historical data has also highlighter that the marginal increase in new listings is less robust that figures recorded on 2015.
Across the rest of the UK eight of the twelve regions recorded by the Property Activity Index did report more substantial increases, with the North East and East Midlands leading the table.
Commenting on the Property Activity Index Lettings Report, Stephen Watson Managing Director of Agency Express said:
March’s property market has had much focus on it, specifically for the pressures that agents have experienced in the build up to the stamp duty deadlines. Even though we saw a small increase in new listings ‘To Let’ this month, I am confident that this figure will rise as a result of landlords and agents pushing sales through. However, while we may see a spike in April figures they may be artificially stimulated by recent activities, therefore we should look beyond April’s market for a truer figure.
Click read the Agency Express Property Activity Index Report lettings report in full.