UK rental market shows resilience in August
The latest data from the Agency Express Property Activity Index has revealed a resilient month for the UK rental market. While national rental activity did see some seasonal decline during August, the Property Activity Index’s historical data shows the drop in figures to be considerably less than those recorded in 2015.
Looking at performance across the rest of the UK, four of the twelve regions recorded by the Index reported an increase in new listings and three in properties ‘Let’. Reviewing the same period in 2015 , the index shows only one region reported a month on month increase.
Commenting the Property Activity Index Lettings report, Stephen Watson Managing Director of Agency Express said:
This month the UK rentals market has seen some seasonal decline, but our data shows this to be less than in years previous. This year we have seen more regional growth with areas reporting their record best increases in new listings, whereas in 2015 only one region reported an increase – Wales at 3.40%. As we collate September’s data we would expect to see a spike in active once again. Last September new listings sat at 4.2%, this year we’d hope to see a larger increase based on current activity.
To read the Agency Express Property Activity Index Report in full click here: