COVID-19

Suspension of Board Services

In line with UK Government directions, Agency Express will suspend all board services to our clients with immediate effect. We appreciate the disruption this will cause, but we must ensure the safety of our franchised operators, valued clients and members of the public.

Signmaster3 will continue to be available for you to list your requests, and we will notify you as soon as we are able to commence work once more.

Any concerns please contacts us on enquiries@agencyexpress.co.uk or 01508579800

Thank you for your continued support.

Momentum for UK lettings market in May

Following the usual seasonal slowdown in April, May has remained true to trend reporting increases across the UK rental market. National month on month figures for new listings ‘To Let’ sat at a buoyant 9.5% and properties ‘Let’ at 5.3%.

Looking back at the Property Activity Index’s historical data we can see that this year’s figures are marginally down compared to those recorded in 2018, but over a three-month rolling period the figures for new listings are like for like.

The upward trend continued across the individual regions recorded by the Property Activity Index. 11 of the 12 regions reported increases in new listing ‘To Let’ and 10 reported increases in properties ‘Let’.

London and the South West were this month’s top performers. New listing in the capital saw a robust increase at 21.5% and properties ‘Let’ at 10.9%, but year on year figures were down. Figures for new listings in the South West rose to 20.1% and 13.9% for properties ‘Let’, but again figures for new listings were down year on year.

Wales also reported a robust lettings period with figures for properties ‘Let’ at 29%; the largest increase in figures for the month since 2015.

Other regions to record increases included:

Properties ‘To Let’

  • Central England 17.8%
  • East Anglia 14.7%
  • West Midlands 11.1%
  • Yorkshire & Humberside 9.9%
  • East Midlands 8.2%

Properties ‘Let By’

  • North West 18.6%
  • Scotland 16.4%
  • Central England 5.1%
  • East Midlands 3.9%
  • West Midlands 3%

The largest decline in this month’s index was reported in Yorkshire & Humberside. Figures for properties ‘Let’ sat at -9.4%, a larger decline in activity compared to twelve months previous. However, over a three-month rolling period figures are more positive at 0.50%.

Commenting on the latest Property Activity Index lettings report, Stephen Watson Managing Director of Agency Express said: May has historically been a slower month for board movements. However, over the last two years we have seen a shift in this trend. Year on year figures are starting to rise and this month we have seen some overall growth for the UK lettings market. As we move in to June which is traditionally a buoyant month market we would expect to see a further increase in pace.

Monthly % Changes for May 2019

% Changes for Mar - May 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
May 19 May 18 May 19 May 18
NATIONAL 9.5 3.6 5.3 2
Central England 17.8 12.6 5.1 14
East Anglia 14.7 0.6 -0.5 -5.7
East Midlands 8.2 0.9 3.9 1.4
London 21.5 -11.3 10.9 7.1
North East 4.5 10.9 2.8 3.4
North West 2.1 -2.2 18.6 -7.5
Scotland -4.2 5 16.4 13.5
South East 0.7 -2.6 -5.5 -5.4
South West 20.1 14.5 13.9 -0.9
Wales 1.1 -3.8 29 -1.3
West Midlands 11.1 14.4 3 31
Yorks & Humber 9.9 2.4 -9.4 -4.2
New Listings Properties Let
Mar -
Apr 19
Mar -
May 18
Mar -
May 19
Mar -
May 18
NATIONAL 1.9 1.9 0.9 -0.9
Central England 7.5 7.4 3.9 4.3
East Anglia 1 -0.2 -1.9 -3.5
East Midlands 0.1 -3 -1.8 -7.6
London -1.8 -0.4 -4.4 0
North East -5.1 10.2 -2.4 8.3
North West 0.9 0.9 1.7 -3.1
Scotland 5.6 5.4 14.1 1.1
South East -4.2 -1.9 -3 -7.3
South West 2.8 3.5 1.4 4.4
Wales 5.4 -0.8 4.4 -6.6
West Midlands 5.9 4.5 4.4 3.3
Yorks & Humber 0.5 1.9 0.5 0.4
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