Demand from Tenants and Rental Supply Highest on Record for June
Numbers of Prospective New Tenants Continuing to Rise
The June edition of ARLA Propertymark's Private Rented Sector Report found a record number of prospective tenants registering interest with agents - a year-on-year high for this time of year. Whilst the market typically begins to slow in June for the summer months, this year's surge on account of the coronavirus means that we expect the next few months will be busier than usual.
Phil Keddie, ARLA Propertymark's President agrees. 'Our latest figures show that the rental market is continuing to pick up following the COVID-19 lockdown. The record-breaking supply of rental stock and demand from tenants for this time of year paints an optimistic picture for the summer months, indicating that the market will be more active than the usual seasonal lull.'
There are also more properties on the market now than is typical for this time of year which means that you're best placed to market your property with a smaller agency who can give you a more focussed and attentive service to get your property let quickly.
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