COVID Guidelines

Following the UK lockdown announcement we can confirm we are still operating.

To remain COVID safe have implemented 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.

UK lettings market round-up 2019

With 2019 behind us it is time to reflect on the events and figures that have shaped the UK lettings market in the past 12 months.

January & February

We saw a buoyant start to 2019, national month on month figures for properties ‘To Let’ sat at a record 63.3%, as did figures for properties ‘Let’ at 62.3%.

As we moved in to February activity naturally dropped. New listings ‘To Let’ sat at -16% and properties ‘Let’ at -5%. While figures were impacted by the January spike the index’s data does show substantial increases year on year.

March & April

In March and April, we witnessed mixed activity across UK lettings market. March’s figures for new listings ‘To Let’ sat at 12.6% and properties ‘Let’ 8.3%. Again, looking back over the index’s historical records, we saw that ‘To Let’ figures remained largely on trend when compared to 12 months previous, but ‘Let By’ figures had marginally increased.

April’s figures as anticipated showed a decline in activity. New listings ‘To Let’ fell at -14.1% and properties ‘Let’ at -9.9%. 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’.

May & June

May's figures remained true to trend reporting increases across the UK lettings market. National month on month figures for new listings ‘To Let’ sat at a buoyant 9.5% as did properties ‘Let’ at 5.3%.

The upward trend spread across the twelve individual regions recorded by the index. Eleven reported increases in new listing ‘To Let’ and ten reported increases in properties ‘Let’.

Following May’s buoyant activity, June’s data revealed an unexpected dip in new listing at -4.1%. Figures for properties ‘Let’ during the period were more robust at 2.2%, but were down from 7.8% in 2018.

July to September

During July we typically see a slowdown in activity but 2019’s figures buked the seasonal trend. New listings ‘To Let’ sat at a robust 8.5%, properties ‘Let’ at 6% and both figures exceeded those recorded 12 months previous.

August figures remained on trend with figures for properties ‘To Let’ sat -11.3% and properties ‘Let’ at -8.1%.

The decline in properties ‘Let’ continued in to September at -2.60% while new listings saw an unseasonal increase at 2.70%.

October & November

October reported the customary month on month increase in activity. National figures for new listings ‘To Let’ sat at 16.3%, while properties ‘Let’ sat at just 2.1%. However, the data also showed us a decline in activity year on year when compared with the same month in 2018; New listings sat at 24.2% and figures for properties ‘Let’ at 8.1%.

November’s index revealed a surprisingly buoyant month for the UK lettings market. Figures for new listings ‘To Let’ sat at 5.3% while figures for properties ‘Let’ saw just a marginal decline at -2.9%. The largest regional increase was reported in South East with properties ‘To Let’ at a robust 38.4%, marking a record best September since 2017.

December

The latest data from the Agency Express Property Activity Index has, as expected revealed declines in December’s market. Remaining true to trend new listings ‘To Let’ sat at -36.4% and properties let at -30.4%.

Commenting on the latest index results, Stephen Watson, Managing Director of Agency Express said: 

As the UK’s largest estate agency board service provider, we are the first to witness growth in the UK property market. The services we deliver are closely tracked and monitored via our estate agency board management system Signmaster3. We collect board movement data 24hrs a day 7 days a week, from a property being placed on the market to completion of sale.  As a result, we are able to share this information with you and compare what is happening on the streets to what is being reported by financial institutions. In 2019 we witnessed a relatively robust market and end of year figures are only marginally down. 

 

 

Monthly % Changes for December 2019

% Changes for Oct - December 2019

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

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

New ListingsProperties Let
Dec 19Dec 18Dec 19Dec 18
NATIONAL-36.4-38.6-30.4-33.5
Central England-36.1-44.9-19.5-22.3
East Anglia-38-39-28.9-36.4
East Midlands-24.3-35.1-32.4-37.1
London-37.3-45.7-28.8-28.5
North East-34.7-33.6-23.5-56.4
North West-37.2-32.3-34.6-36
Scotland-35.5-47.6-49.6-37
South East-43.8-44.5-24.8-32.6
South West-32.5-41.2-31.7-39.3
Wales-43.8-44.9-47-24.9
West Midlands-45.7-37.4-36-31.9
Yorks & Humber-17.7-15.8-24.2-28.9
New ListingsProperties Let
Oct -
Dec 19
Oct -
Dec 18
Oct -
Dec 19
Oct -
Dec 18
NATIONAL-6.5-7.2-10.3-10.8
Central England-6.2-10.6-7-12.8
East Anglia-8.2-9.3-10.4-9.7
East Midlands-7.2-8.8-11.1-15.8
London-10.9-10.8-12-9.8
North East-14.4-6.3-14.2-9.6
North West-7.4-6.8-6.4-9.9
Scotland-8.2-8-18.2-11.1
South East-2.3-5-8.6-13.7
South West-3.8-7.4-9.1-11.1
Wales-13.5-7.8-12.9-9.3
West Midlands-8.8-8.9-11.6-10
Yorks & Humber0.10.5-12.3-7.1
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