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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.

Supply slows for UK rental market

The latest data from the Agency Express Property Activity Index has revealed a year on year decline in supply for the UK rental market.

National figures for new rental properties coming on to the market sat at 2.6%, while figures in 2015 sat at a robust 11.5%. Properties 'Let' during the period remained on trend falling by -6.3%, marginally less than the figure recorded in 2015. 

Across in the individual regions recorded by the Property Activity Index, eight of the twelve reported increases in new properties ‘To Let’ while only four recorded increases in properties ‘Let’.

Prominent performing regions included:

Properties ‘To Let’

  • East Midlands 20.4%
  • West Midlands 13.4%
  • Central England 12.4%
  • Scotland 10.4%
  • North West 6.1%

Properties ‘Let By’

  • South East 12.7%
  • Scotland 11.7%
  • North East 7.9%

All regions other than Scotland recorded some level decline compared to figures in 2015.

After two consecutive months of decline Scotland bounced back with robust increases. New properties ‘To Let’ sat at 10.4% and properties ‘Let’ at 11.7%. The increases marked a record best October for the region, although it is evident that demand continues to outpace supply. Over a three month rolling period figures still remain down with new rental properties at -1.70% and properties ‘Let’ at -1.60%.

The largest declines in this month’s Property Activity Index were made in Yorkshire & Humberside. Figures for new rental properties sat at -3.6% and figures for properties ‘Let’ which have floundered over the past four months, sat at -14.1%. Looking back over the Property Activity Index’s historical records, we can see that the last decline in figures for October was recorded in 2012.

Commenting on the Property Activity Index Lettings Report, Stephen Watson Managing Director of Agency Express said:  As we look back at the historical data recorded by the Property Activity Index, we can see over the last three years October has been a buoyant month for new rentals across the UK lettings market. However, this year the figures paint a different picture, evident by the drop in supply. Historical trends within the indices also indicate that we should not see a decline in figures until December, but with the current rate of change it will be interesting to see what Novembers and Decembers data brings.

Monthly % Changes for October 2016

% Changes for Aug - October 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
Oct 16Oct 15Oct 16Oct 15
Central England12.436.1-1.5-0.5
East Anglia0.71.8-15.7-11
East Midlands20.438.61.30.6
North East-
North West6.12.5-8.8-1.6
South East00.312.7-17.8
South West-6.311.8-1-2.2
West Midlands13.416.8-18.3-13.5
Yorks & Humber-3.66-14.114.2
New ListingsProperties Let
Aug -
Aug 16
Aug -
Oct 15
Aug -
Oct 16
Aug -
Oct 15
Central England0.55.8-0.1-3.7
East Anglia-3.3-2.7-3.8-5.6
East Midlands613.2-4.9-0.5
North East1.
North West0.22.4-1.5-0.9
South East0.60.45.7-3.6
South West-0.7-4.1-0.3-6.8
West Midlands1.3-1.1-2.7-3.8
Yorks & Humber-1.21.6-6.5-2.2

Creating the report for you to download...

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