Agency Express launch UK lettings report

Data revealed within the first release shows national figures for properties ‘To Let’ fell by -8.1% during February, but figures for properties ‘Let’ during the period rose by 4.54%.  Looking back at the Property Activity Index’s historical data February’s figures remain true to trend. Figures in 2015 show properties ‘To Let’ fell by -6.6% but properties ‘Let’ increased by 5.5%.

Looking at performance across the rest of the UK, five of the twelve regions recorded by the Property Activity Index reported increases in new listings ‘To Let’ and eight recorded increases in properties ‘Let’.  

Properties ‘To Let’

  • North East +19.10%
  • West Midlands +17.00%
  • London +10.20%
  • Scotland +8.20%

Properties ‘Let By’

  • North East +32.90%
  • South West +16.70%
  • London +15.50%
  • Scotland +10.30%
  • Wales +6.00%

A strong market was reported in the North East who saw a significant increase in both new listings ‘To Let’ rising by 19.11% and properties ‘Let’ by a robust 32.88%. Again looking back at the Property Activity Index’s historical data February’s figures show that year on year properties coming on to the market have remained constant, 19.8% in 2015. However the number properties ‘Let’ during this period fell by -5.5%, making this month’s increases a record high for the region.

The largest declines reported in this month’s Property Activity Index were recorded by the East Midlands. Properties ‘To Let’ fell by -21.81% and ‘Let’ figures fell by -6.44%.  Although the region did have a robust sales period up by +28.6% in new listings ‘For Sale’ and +47.10% in properties ‘Sold’.

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

As the UK’s largest provider of professional estate agency board services we are the first to witness growth and fluctuations within the UK property market.   Our online estate agency board management system SignMaster3  tracks the movement details of every board we are instructed to service.  This data is collected 24hrs a day 7 days a week, from a property being placed on the market as ‘To Let’ to the removal of the ‘Let By’ board.  As a result we now look forward to sharing these ‘real time’ insights with the property industry.

 

Monthly % Changes for February 2016

% Changes for Dec - February 2016

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
Feb 16Feb 15Feb 16Feb 15
NATIONAL-8.1-6.64.55.5
Central England-9.8-20.4-1.27.8
East Anglia-10.4-4.23.6-2.1
East Midlands-21.8-8.8-6.4-3.2
London10.2-13.215.5-18.1
North East19.119.832.9-5.5
North West1.5-3.81.522.9
Scotland8.229.210.34.9
South East-16.6-132.415
South West-16-8.716.75.3
Wales-28.27.1641.6
West Midlands17-8.1-3.518.9
Yorks & Humber-15.6-14.1-4.2-0.6
New ListingsProperties Let
Dec -
Nov 16
Dec -
Feb 15
Dec -
Feb 16
Dec -
Feb 15
NATIONAL-3.7-3.65.68.3
Central England-2.3-17.711.3
East Anglia6.11.16.89.5
East Midlands-17.5-7.50.96.4
London3.45.87.27.7
North East0.5-13.44.17.2
North West-10.4-4.11.17.9
Scotland4.815.15.612.2
South East0.2-1.44.58.1
South West-14.3-10.914.73.4
Wales-3.8-16.4-0.318.1
West Midlands2.91.57.58.9
Yorks & Humber-8.1-7.30.56.3
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