Year on year declines for UK lettings marketing in October 2019
October’s lettings market data from the Agency Express Property Activity Index shows an increase month on month activity but a declines year on year.
National figures for new listings ‘To Let’ sat at 16.3%, while properties ‘Let’ sat at just 2.1%. However, when compared with the same month in 2018 activity was down. New listings ‘For Sale’ sat at 24.2% and figures for properties ‘Let’ at 8.1%.
Across the individual regions recorded by the Property Activity Index, eleven reported increases in new listings ‘To Let’ and six reported increases in properties ‘Let’.
The South West sat at the top of this months leader and the largest decline was reported in the North East.
Commenting on the Property Activity Index Lettings Report, Stephen Watson Managing Director of Agency Express said:
During October we generally see a pick up in pace and this month has remained true to trend. However, activity is slower than twelve months previous. As as we collate November’s data and move in to December we will start to see the beginning on the seasonal decline, which will most likely be further impacted by the upcoming General Election.
To read the latest Property Activity Index report in full please click here: