Board Services Have Resumed

We are pleased to confirm our return to service as of Monday 11th May onwards.

With a wider understanding now of the relevant health risks, we will be implementing the following guidelines for our operators:

Social distancing measures observed at all times
Hand sanitisers to be carried by all operators and used regularly
No knocking on vendors doors/interacting with vendors unless absolutely necessary
No visiting of branches
Face coverings/masks to be worn where possible
One person per van, unless those people live in the same household

Please ensure your customers are aware that we will be enforcing strict social distancing to protect all involved. We politely request they do not approach our operators, and boards are left in easily accessible locations for collection when required.

Thank you to all our clients for their continued patience during this time.

Letting market lull for April 2019

Following an increase in activity across the UK rental market in March, April’s figures from the Agency Express Property Activity Index have as anticipated shown a decline in activity. National month on month figures for new listings ‘To Let’ fell at -14.1% and properties ‘Let’ at -9.9%. Looking at the index's year on year data we can see that figures for new listings and properties 'Let' have declined.

Across the individual regions recorded by the Property Activity Index, all regions bar one reported declines in both new listings ‘To Let’ and ‘Let By’.

The only region to buck the seasonal trend was Yorkshire and Humberside. Figures for properties ‘Let’ sat at a robust 7.1%, the region’s largest increase for April since the index’s first records in 2012.

Regions to record the smallest declines in this month’s index included:

Properties ‘To Let’

  • Yorkshire & Humberside -7.5%
  • Scotland -8.4%
  • East Midlands -9.9%
  • West Midlands -10.7%
  • North East -11.3%
  • Central England -11.5%

Properties ‘Let By’

  • Scotland -3.3%
  • South East -5.2%
  • West Midlands -6.8%
  • Wales -9.3%
  • East Anglia -9.4%
  • Central England -11.4%

The largest decline in this month’s index was recorded in London with new listings ‘To Let’ falling to -25.6%. While 2018’s figures did see an unseasonal spike in activity at 10.7%, looking further back we can see that this year’s activity has remained by and large on trend.

Commenting on the latest Property Activity Index lettings report, Stephen Watson Managing Director of Agency Express said: We traditionally see a slowdown in activity throughout April so this month has come as no surprise.  While our figures will be affected by the bank holiday weekends and reduced number of working days, the fall in activity seems greater than what we would anticipate. As we now move in to what is usually a robust period for the market, it will be interesting to see what advances are made.

Monthly % Changes for April 2019

% Changes for Feb - April 2019

New Listings
% Change over last 12 months vs Previous 12 months

Properties Let
% Change over last 12 months vs Previous 12 months

New Listings Properties Let
Apr 19 Apr 18 Apr 19 Apr 18
NATIONAL -14.1 -9.4 -9.9 -9.1
Central England -11.5 -1.7 -11.4 -2.8
East Anglia -15.3 -9.4 -9.4 -10.2
East Midlands -9.9 -17.6 -22.7 -6.4
London -25.6 10.7 -18.6 -14.5
North East -11.3 -19.9 -15.6 -6.4
North West -11.7 -8.9 -21.6 -19.9
Scotland -8.4 -17.8 -3.3 -4.6
South East -11.9 -13 -5.2 -13
South West -25.2 -17.8 -12.5 5.2
Wales -13.2 -8.3 -9.3 -25
West Midlands -10.7 -5.9 -6.8 -14.5
Yorks & Humber -7.5 -4.6 7.1 -1
New Listings Properties Let
Feb -
Jul 19
Feb -
Apr 18
Feb -
Apr 19
Feb -
Apr 18
NATIONAL -6.7 -5.6 -2.4 -1.8
Central England -0.1 -4 2.1 -0.8
East Anglia -8.8 -10.9 -4.2 -1.4
East Midlands -7.7 -3.6 -6.7 0.2
London -11.8 1.5 -2.4 2.5
North East -10.4 -2.4 -9.7 1.8
North West -7.8 -5.9 -7.9 -5.5
Scotland 7.4 1.3 1.9 5.2
South East -11.4 -7.6 -1.5 -2.3
South West -11.2 -7.8 -5.5 -1.3
Wales -9 -10.9 -6.5 -4.5
West Midlands -1.5 -3.4 2 -6.6
Yorks & Humber -5.7 -3.3 3.2 -0.8
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