6^th May 2019

According to a leading provider of professional estate agency board services there has been a significant increase in letting market activity.

The latest figures from the company's Property Activity index show that In February the number of new rental properties available to be let rose by 12.6% from January, and at the same time the number of properties that were 'let' increased by 8.3% from the previous month.

The Property Activity index survey studied 10 out of 12 regions across the UK and gauged their performance levels of new listings' increases for 'To Let' and 'Let By'.

Scotland enjoyed the biggest rise in February with 37.2% 'To Let' and also recorded the highest increase in 'Let By' with 34.7%.

Listed below are the most active regions during February:

Properties ‘to let’

Wales 35.6%

South West 21%

West Midlands 20.1%

Central England 19.4%

North West 14.2%

Properties ‘Let By’

Central England 21.2%

West Midlands 19.4%

East Midlands 17.4%

North West 13.1%

Stephen Watson, managing director of the company, said: “This month’s Property Activity Index has remained by and large true to trend. A few regional pockets have reported record bests, but on a whole demand continues to be greater than supply. As we now move in to April and the Easter holidays we would expect to see a seasonal dip.”


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