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Booming Rental Market: Demand from Tenants Highest on Record
01/06/2021

 

 

 

 

Demand from Tenants Highest on Record in April 2021

 

“We continue to see unprecedented demand from tenants with a record breaking number of new prospective tenants”

 Mark Hayward, from Propertymark

 

More prospective tenants…

The number of prospective tenants in the month of April hit the highest on record. Letting agents registered 82 new tenants per branch last month, according to a recent report by ARLA Propertymark.

 

More rental properties on the market…

The number of rental properties on the market in April continued to pick up from 193 in March to 201 in April. Although this is slightly less than it was during April 2019 when the figure stood at 202.

 

More rent increases…

The number of tenants experiencing rent rises increased in April. 67% of agents witnessed landlords increasing rent compared to 60% in March. This aligns with there being the lowest number of tenants successfully negotiating rent reductions since January 2020. This figure was 1.3% in April, falling from 1.7% in March.

 

The rental market really is BOOMING so here at Tempo we are confident in finding tenants quickly and effectively for our private landlords. We have a long contact list of prospective tenants eagerly awaiting rental properties. CALL US TODAY to find out more about our tenant finding service and rental management service.

 

!! LANDLORDS WANTED !!

 

Click Here To Discover More About Renting With Team Tempo

 

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