UK rental market see a spike in new listings

August’s rental market data from the Agency Express Property Activity Index, has revealed an unexpected spike in new listings across the UK.

Following a slow moving market throughout June and July, national figures for new listings ‘To Let’ rose by a robust 3%, but figure for properties ‘Let’ fell to sit at -4.4%. 

Of the twelve regions recorded by the index, this months top performer was Yorkshire and Humberside and largest declines were made in East Anglia.

Commenting on the Property Activity Index rental market report, Stephen Watson Managing Director of Agency Express said:

The Property Activity Index historically reports a seasonal slowdown throughout August, so declines are not unexpected. This month however we have witnessed a good level of activity, specifically in the number of new listings. As we collate September’s data we would expect to see a further increase. Last September month on month figures for new listings rose by 1.3%, this year we’d hope to see a larger increase based on current activity.

To read the latest Property Activity Index report in full click here: