Lettings market continues to improve month on month
The letting market continues to improve with an increase in the number of new rental listings and the volume of properties let, according to board company Agency Express.
The number of new rental property listings ‘to let’ increased by 7.8 per cent during June compared to the previous month, while the volume of properties ‘let’ was up 7.4 per cent during the same period.
Ten of the 12 regions recorded by the Property Activity Index reported increases in new listings ‘to let’, while eight of the 12 saw a hike in properties ‘let’.
June’s top performing region was London, with new homes to let increasing by 22.4 per cent month-on-month, while properties let rose to sit at 12.3 per cent.
Wales followed the trend with figures for properties ‘let’ sitting at 14.7 per cent.
Central England (12.7 per cent), Wales (11.2 per cent), South East (10.2 per cent), North West (8.9 per cent) and East Midlands (7.3 per cent) all saw significant increases in the number of new rental properties to let.
Meanwhile, the South West (15.9 per cent), North East (14.8 per cent), Yorkshire & Humberside (14.7 per cent), London (12.3 per cent), recorded increases in the number of properties let.
Stephen Watson, managing director of Agency Express, said: “As we look back over historical data recorded by the Property Activity Index, we can see that June is typically a buoyant period for UK lettings market.”