đ HIGHEST RECORDED LEVELS of TENANT DEMAND and RENT INCREASES!! đ
July key findings from ARLA Propertymark - Download the FULL REPORT here đ©: https://hood.azureedge.net/cavendish/site/84691d20-e7c8-46b2-91b4-8c9730ae6c5a.pdf
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Tenant demand and rent increases at HIGHEST RECORDED levels!! đ©đ
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Average new prospective Tenants per branch jumped to 102, from June’s figure of 88 đ
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Smashing previous record of 97 in July 2020 đœ
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In East Midlands the average is a cool 100 (wayyyyy up from 60 last month) đŻ
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Tenants experiencing rent increases jumped significantly, as 71% of Agents saw Landlords increasing rents (compared to 60% in June) đ°
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This is highest increase on record (previous record of 68% in May this year) đ„
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Tenants successfully negotiating rent reductions increased from 0.7% in June to 1.1% in July đ
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This is lowest number recorded during July since records began đ
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RENTAL STOCK: Agencies manage an average of 204 properties (up from 184 in June) âŹ
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In July, Tenants viewed a property an average of 5 times before it was let (the same as June and entire year since June 2020) đ
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Tenants stayed in their rental properties for 20 months on average, a slight decrease from 22 months in June đ
đ Want more detail and lots of bar graphs? đ DOWNLOAD FULL REPORT HERE: https://lnkd.in/dk-U9sm8 đ©
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Posted 03 September 2021
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