Rental market rebound in May
The latest data from the Agency Express Property Activity Index has revealed buoyant activity across the UK rental market in May. National figures for properties ‘To Let’ saw a robust increase, sitting at 15.8% as did properties ‘Let’ at 13.8%.
This months top performing region was the South East but was closely followed by the North East, both recording record best figures. The South East sat at a robust 31.4% and the North East at 25.6%, the region’s largest increase for May since 2012.
Commenting on the latest Property Activity Index lettings report, Stephen Watson Managing Director of Agency Express said:
The Property Activity Index historically reports a decline in activity throughout May for many regions. This month however we have witnessed a good level of activity across the UK lettings market with some regional pockets recording record bests. Moving in to June and July we would expect a further increase in activity.
To read the latest Property Activity Index report in full click here: