Buoyant - the description of the lettings market from Agency Express

The latest data from Agency Express shows what the company calls “buoyant figures” for the UK lettings market in October. 

Following a three month slump, national month on month figures for properties ‘To Let’ were up a dramatic 24.1 per cent and properties ‘Let’ up 8.1 per cent.

All 12 regions reported increases in new listings ‘To Let’ and 11 reported increases in properties ‘Let’.

The largest increase in this month’s Index was reported in the North East. Again, following slow activity during August and September, figures bounced with new listings ‘To Let’ up a strident 66.8 per cent and properties ‘Let’ up 12.3 per cent. Year on year figures for the region have also increased.

A particularly robust market was also reported in West Midlands with month on month figures for new ‘To Lets’ up 38 per cent, marking a record best October for the region.

Other hotspots across the country include:

Properties Let...

- Yorkshire and Humberside 45.1%

- Wales 36.4%

- Scotland 36.2%

- South East 23.6%

- North East 21%

- Central England 21%

- London 15.4%.

Properties To Let...

- London 27.9%

- East Anglia 16.4%

- South West 13.6%

- North East 12.3%

- West Midlands 11.1%

- Wales 10.2%

The only region to record a decline was the East Midlands. Falling for a second consecutive month, figures for properties ‘Let’ sat down 8.0 per cent.