Spike in new rental listings according to board company

Agency Express says there has been a bounce in the number of new lettings listings across the UK.

Following unusually slow activity during July, national month-on-month figures for properties coming on to the market in August rose by 3.0 per cent. However, figures for properties successfully let were still affected by the usual seasonal decline sitting down 4.4 per cent on the previous month.

However, a three month analysis – which would include June, July and August – shows small declines in both ‘To Let’ and ‘Let’ listings compared to the same period a year earlier.

Across the UK, 11 of Agency Express’ 12 reported increases in new listings ‘To Let’ in August and four reported increases in properties ‘Let’.

The month’s top performer was Yorkshire and Humberside, where new listings ‘To Let’ were up 12.8 per cent; properties ‘Let’ rose 6.7 per cent. London followed suit, bucking the seasonal trend with properties ‘Let’ up 15 per cent.

The largest declines in August were recorded in East Anglia. Month-on-month data shows new listings ‘To Let’ down 5.8 per cent and properties ‘Let’ down 14.7 per cent.

“As we collate September’s data we would expect to see a further increase [across the UK]. Last September month on month figures for new listings rose by 1.3 per cent; this year we’d hope to see a larger increase based on current activity” says Stephen Watson, Agency Express managing director.

mortgageMortgages - Find cheapest. Rates from 0.98%. 1st time buyers, remortgages, self-employed, adverse & CCJ, Landlord buy to let. Compare now

mortgageSell or Let Property FREE on Houseladder 0% no fees. Free property advertising. List 1 to 1000 properties to millions of buyers and tenants. Upgrade to a Premium advert for only £30 and sell or let your property FASTER! Create Ad

make-moneyMake Money - Earn £250 to £2000+ per month part time. Get paid every month for work you do once. Work from home. Flexible hours. Free training. No experience needed. Major UK PLC company. Find out how >>

taxHow To Save Property Tax - Updated Sept 2017 “How To Save Property Tax” is widely regarded as THE tax bible for property investors. The 21st edition has just been published (Sept 2017) and is completely up to date. Read now

Written by: Houseladder