Surprisingly buoyant lettings marketing in November

The latest data from the Agency Express Property Activity Index has revealed a surprisingly buoyant November for the UK lettings market.

National month on month figures for new listings ‘To Let’ sat at 6.7% while figures for properties let saw a decline at -3.9%. Looking back over the index’s historical records, year on year comparisons show figures for both new listings ‘To Let’ and ‘Let by’ to be greater than those recorded in November 2020.

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

The largest increase in this month’s index was recorded in the South East with properties ‘To Let’ at a robust 60.8%, marking the regions largest month on month increase for November since the index’s first records. Figures for properties ‘Let’ also saw an increase at 5.5% but did not exceed 2020’s figures of 9.4%.

Of the remaining regions recorded by the index prominent performers included:

Properties ‘To Let’

  • Scotland 19.3%
  • Wales 18.7%
  • East Anglia 15.3%
  • Yorkshire & Humberside 10.8%

Properties ‘Let By’

  • Scotland 13.2%
  • North West 10.1%
  • Yorkshire & Humberside 10%

The largest decline in this month’s Property Activity Index was recorded in the capital with figures for properties ‘Let’ at -16.9%. The Central England followed suit with figures -15.5%. Both regions reporting greater declines than 12 months previous.

Commenting on the Property Activity Index Lettings Report, Ben Brookes Managing Director of Agency Express said:

Following what has been a very mixed few months for the UK lettings market, this month’s figures are relatively buoyant. As we move into December where a seasonal slowdown is expected it will be interesting to see how the year-end figures fair.

Monthly % Changes for November 2021

% Changes for Sep - November 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
Nov 21 Nov 20 Nov 21 Nov 20
NATIONAL 6.7 -3.7 -3.9 -6.7
Central England -6.8 -12.6 -15.5 -3.3
East Anglia 15.3 7 -3.4 -10.4
East Midlands -3.3 -10.9 -1.7 -28.5
London -0.5 -7 -16.9 -6
North East -8.7 -21.3 -6 -34.3
North West -7.2 -24.5 10.1 15.1
Scotland 19.3 3.4 13.2 -27
South East 60.8 20.3 5.5 9.4
South West 0 1.1 -9.3 -5.2
Wales 18.7 18.6 -4.4 -2.5
West Midlands -0.4 0.5 -6.3 -20.3
Yorks & Humber -10.8 -17.1 10 -7.1
New Listings Properties Let
Sep -
Jun 21
Sep -
Nov 20
Sep -
Nov 21
Sep -
Nov 20
NATIONAL 6.9 4.7 -0.4 -2.3
Central England 2.7 4.3 1.8 -2.9
East Anglia 8.1 2.1 2.9 -3
East Midlands 9.6 -2 8.5 -6.8
London -3.7 7.1 -8 -0.7
North East -3.4 -3 -3.9 -8.3
North West -0.7 3.7 -0.3 2.9
Scotland -8 -3.4 -4.3 -12.9
South East 30.8 14.7 3.3 -0.7
South West 11.4 6 -5.2 -6
Wales 12.7 0.9 -1.5 -1.5
West Midlands 6 10.8 -2.9 0.5
Yorks & Humber 2.2 3.1 1.9 0.2
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