Mixed lettings marketing activity across the UK in October

The latest data from the Agency Express Property Activity Index, has reported mixed activity across the UK lettings market during October. National month on month figures for new listings ‘To Let’ reported increases at 3.8% while figures properties ‘Let’ fell at -1%.

Looking back over the Property Activity Index’s historical records we can see that year-on-year figures are lower than those recorded in 2020 and 2019.

Observing activity across the twelve regions recorded by the Property Activity Index, 6 reported increases in new listings ‘To Let’ and 5 reported increases in properties ‘Let’.

The largest increase in this month’s Index was reported in the South West with new listings at 22.2%. However, figures for October 2020 were the lowest on record for the region.

Other hotspots across the country included:

Properties ‘To Let’

  • Central England 16.6%
  • Wales 12.9%
  • West Midlands 12.5%
  • Yorkshire & Humberside 12.3%
  • East Midlands 9.7%

Properties ‘Let By’

  • East Anglia 11.1%
  • South East 3.6%
  • Central England 3.1%
  • South West 1.4%

The largest decline in this month’s Property Activity Index was made in the Scotland. Falling for a fourth consecutive month figures for new listings ‘To Let’ sat at -14.4% and properties ‘Let’ at 29.8% . The Property Activity Index’s historical records also highlighted year on year declines for the region in both new listings and properties ‘Let’

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

During October we generally see a pick-up in pace and this month has remained true to trend, but activity is slower significantly than twelve months previous. As as we collate November’s data and move into December, we will start to see the beginning of the seasonal slowdown and based on this year’s figures we expect it to be a steeper decline that usual.

Monthly % Changes for October 2021

% Changes for Aug - October 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
Oct 21 Oct 20 Oct 21 Oct 20
NATIONAL 3.8 22 -1 2.2
Central England 16.6 31.9 3.1 -3.9
East Anglia -12.6 11.7 11.1 -3.3
East Midlands 9.7 -0.3 0 -0.7
London -15.6 28.3 -8.4 10.5
North East -12 21.7 -1.2 11.7
North West -1.7 47.9 -0.9 6.7
Scotland -14.4 1.3 -29.8 -1.9
South East 8.4 34.1 3.6 -8.9
South West 22.2 23.8 1.4 2.7
Wales -12.9 -16.2 -12.8 -19.3
West Midlands 12.5 31.9 -9.5 35.6
Yorks & Humber 12.3 20.9 -1.3 5.5
New Listings Properties Let
Aug -
Dec 21
Aug -
Oct 20
Aug -
Oct 21
Aug -
Oct 20
NATIONAL -1.3 -0.2 -4 -6.2
Central England 6.8 -1.3 2 -6.9
East Anglia -4.3 -3.4 -5.1 -5.2
East Midlands 5.3 -3.4 3.6 -2.6
London -14.4 3.6 -10.7 -4.4
North East -5.8 0.2 -5.5 -4.6
North West -6.8 6.5 -0.4 -6.5
Scotland -18.9 -8.4 -13.8 -3.1
South East 2.6 -1 -7.2 -8.8
South West 8.6 1.6 0.4 -9.5
Wales -0.9 -8.9 -6.4 -12.8
West Midlands -0.6 5.6 -7.4 2.6
Yorks & Humber 0.6 2.9 -3.6 -7.3
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