UK lettings market remains steady in June

The latest data from the Agency Express Property Activity Index has revealed further increases for the UK lettings market in June. Following steady activity in May, national month on month figures for properties ‘Let’ rose to sit at 7.4% as did figures for new listings ‘To Let’ at 7.8%.

Observing activity across the individual regions recorded by the Property Activity Index, ten of the twelve regions reported increases in properties ‘To Let’ and eight reported increases in properties ‘Let’.

This month’s top performer was London recording robust month on month increases in both new listings ‘To Let’ at 22.4% and properties ‘Let’ at 12.3%. Wales followed suit with figures for properties ‘Let’ sitting at 14.7%. However, the index’s historical records show greater levels of activity twelve months previous for both regions.

Other hotspots in this month’s index included:

Properties ‘To Let’

  • Central England 12.7%
  • Wales 11.2%
  • South East 10.2%#
  • North West 8.9%
  • East Midlands 7.3%

Properties ‘Let By’

  • South West 15.9%
  • North East 14.8%
  • Yorkshire & Humberside 14.7%
  • London 12.3%

The largest declines in this month’s index were recorded in the North East. Figures for new listings ‘To Let’ sat at -5.6% while properties ‘Let’ fell to -14.8%, marking the region’s largest decline for June since 2015.

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

As we look back over historical data recorded by the Property Activity Index, we can see that June is typically a buoyant period for UK lettings market. This month we have seen we have seen a good level of activity but year on year figures remain down.

Monthly % Changes for June 2018

% Changes for Apr - June 2018

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
Jun 18Jun 17Jun 18Jun 17
Central England12.725.45.91.1
East Anglia4.5-3.84.5-2
East Midlands7.3-0.7-2.3-7.5
North East-5.6-23.5-14.8-12.7
North West8.9-1.314.81.1
South East10.2-3.66.5-6
South West3.2-
West Midlands-27.5-0.3-13.9
Yorks & Humber8.
New ListingsProperties Let
Apr -
Jan 18
Apr -
Jun 17
Apr -
Jun 18
Apr -
Jun 17
Central England84.95.6-4.4
East Anglia-1.7-2.9-4.2-11
East Midlands-4.1-1.7-2.5-6.8
North East-6-8.3-6-11.2
North West-1-1.9-5.9-3.5
South East-2.4-2-4.6-2.7
South West-1.1-26.7-3.5
West Midlands1.8-3.43.9-6.7
Yorks & Humber2-3.43-1

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