Increase in rental demand continues

As the UK is starting to get back on its feet after COVID-19, we’re excited to see a continuation in the rise of tenant demand and a decrease in voids periods. 

Last month we talked about the bounce back seen in the sales and lettings sectors, and it’s great to be able to say it looks like it’s here to stay! With tenant demand on the up, price rises are increasing, and void periods are becoming less frequent – boding well for Landlords and BTL investors, this is an opportunity for portfolio growth and ROI.

The lettings market has seen a significant rise in activity. When comparing June 2020 to June 2019 across the 8 regions monitored in figures released by Goodlord, there has been a 3% rise in activity. Void periods have dropped in the majority of the eight regions with the North West being one of them. June 2020 also saw letting applications remain high with total applications on each day above 90% of those on respective days in 2019.

All in all, there is a lot of positivity for lettings as we traverse our way out of COVID-19.