This report is based on responses to a monthly survey of Propertymark member agents. The analysis is based on data provided by around 100 sales and 100 letting agents across the UK.
Residential sales
Market appraisal volumes increase
Market appraisal volumes provide an indicator of future supply. The number of market appraisals conducted per member branch increased from 22 in March 2024 to 26 in April 2024.
Residential lettings
Tenant demand increases
The average number of new prospective tenants registered per member branch indicates market demand. Registrations increased from 82 in March 2024 to 90 in April 2024 suggesting that demand is increasing.
Demand continues to outpace supply
It is possible to contrast supply and demand indicators to provide an overall sense of what is happening in the market. Overall, demand continues to outstrip supply, with around 9 new applicants registered for each available property in April 2024.
