UK rental market slows in April
The latest data from the Agency Express Property Activity Index has revealed a decline in activity across the UK rental market.
National month on month figures for new listings ‘To Let’ sat at -19.7% while properties ‘Let’ sat at -22.1%, marking the largest decline for April since the index’s first records in 2012.
This months largest declines were recorded in the capital. Properties ‘To Let’ in London fell to sit at -26.1% as did new listings at -24.3%.
Commenting on the latest Property Activity Index lettings report, Stephen Watson Managing Director of Agency Express said:
This month we have witnessed a slowdown across the UK rental market. While our figures will be affected by the bank holiday weekends and reduced number of working days, the fall in activity seems greater than what we would anticipate. As we now move in to what is usually a robust period for the market, it will be interesting to see what advances are made in light of the difficulties that landlords and agents face.