Summer lull for UK lettings market in 2021

Following a slowdown in July, August’s data from the Property Activity Index has reported further declines across the UK lettings market.

National month on month figures for new listings ‘To Let’ sat at -16.1 and figures for properties ‘Let’ at -13.6%. Looking back at the index’s historical data we can see that this year’s figures are by and large on trend with those recorded August 2020.

Across the UK, eleven of the twelve regions reported declines in new listing ‘To Let’ and ten reported declines in properties ‘Let’.

The only regions to buck the sasonal trend were, the North West at 9.7% and the South West at 8%, both reporting increases in properties ‘Let’. Central England followed suit with an increase in the number of properties coming on to the market at 3.6%.

Of the remaining regions the smallest declines were reported in:

Properties ‘Let’

  • South West 11.1%
  • North East -14.6%
  • Yorkshire & Humberside 15.2%
  • South East -16.6%
  • East Midlands -17.6%
  • West Midlands -18.1%
  • Scotland -19.7%

Properties ‘To Let’

  • Yorkshire & Humberside -6.4%
  • South West 8%
  • North West 9.7%
  • North East 10.1%
  • Central England -15.9%
  • West Midlands -17.8%
  • Wales -17.3%

The largest declines in this month’s Property Activity Index were reported in London with figures falling for the first time since April. New listings ‘To Let’ sat at -28.1% and properties ‘Let’ at -21.3%. Again, looking back at the index’s historical data we can see that this year’s figures are down compared to years previous.

Commenting on the latest Property Activity Index lettings report, Ben Brookes Managing Director of Agency Express said: 

Throughout August we anticipate a slowdown across the UK lettings market. However, the slowdown this year has been greater than anticipated. Moving into September we still expect to see figures recover with the current activity in mind.

Monthly % Changes for August 2021

% Changes for Jun - August 2021

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
Aug 21 Aug 20 Aug 21 Aug 20
NATIONAL -16.1 -16.5 -13.6 -16.2
Central England 3.6 -26.1 -15.9 -14.1
East Anglia -20.4 -8.4 -22.9 -15.3
East Midlands -17.6 -13.9 -17.4 -15.2
London -28.1 -17.8 -21.3 -15.2
North East -14.6 -12.7 -10.1 -21.7
North West -22.2 -22.1 9.7 -12.1
Scotland -19.7 -11.6 -18.9 3.4
South East -16.6 -19.7 -21.9 -14.8
South West -11.1 -11.1 8 -14.5
Wales -21.2 -12.7 -17.3 -30.6
West Midlands -18.1 -15.2 -17.8 -16.4
Yorks & Humber -15.2 -19.4 -6.4 -24.8
New Listings Properties Let
Jun -
Oct 21
Jun -
Aug 20
Jun -
Aug 21
Jun -
Aug 20
NATIONAL -5.4 7.6 -4.2 17.6
Central England 0.8 2 -6.3 19.5
East Anglia -4.7 10.2 -9.7 14.8
East Midlands -7.5 11.1 -4.2 9.1
London -5.2 8.1 0.5 23.2
North East -6.2 13 -5.4 7.1
North West -5 3.7 -0.4 13.1
Scotland -15.6 17.4 -7.7 59.4
South East -4.6 4.6 -4.3 18.8
South West -6.9 8.3 -1.6 22.8
Wales -6.6 17.2 -5.1 25.8
West Midlands -7.2 6.4 -5.7 12.3
Yorks & Humber -2.2 5.4 -0.1 12.7
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