Early UK letting market lull as restrictions hit

Novembers data from the Agency Express Property Activity Index, has with no surprise reported a slowdown in activity across the UK letting market as COVID restrictions hit on the build up to the festive period.

National month on month figures for new listings ‘To Let’ fell at -3.7% as did properties ‘Let’ at -6.7%. AS indicated in this month’s sales report the Property Activity Index has also revealed that year on year figures have continued to decline.  

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

During November we typically see a seasonal slowdown, but this year’s figures have undisputedly been affected by Lockdown 2 and the general caution across the nation during the period. We have now entered the downward course to Christmas where activity really starts to holt, but with COVID vaccines on the horizon and a predicted surge in the market come January, we hope to see a bounce in activity.

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