Rental properties fall in number

The latest data from the Agency Express Property Activity Index has revealed a fall in the number of rental properties coming on to the market.

National figures for new rental properties sat at 2.6%, while figures in 2015 sat at a robust 11.5%.

This months top performing region was Scotland, after two consecutive months of decline figures for new rental properties sat at 10.4% but they remained down over a three month period at -1.70%.

 

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

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 which is evident by the drop in supply. Historical trends 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.

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