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🏆 We are NUMBER 1!! East Midlands HIGHEST in the country for TENANT DEMAND đŸ„‡...

November key findings from ARLA Propertymark - Download the FULL REPORT below đŸ“©:
 
✅ Average new prospective Tenants registered per branch rose in November to 82, from October’s figure of 71 đŸ”Œ
✅ Regionally, our East Midlands had the highest number of new applicants with an average of 134!! đŸ„‡
✅ Landlords aware of difficulties renters are facing as rent increases fell for the third month in a row in November with only 58% increasing rents compared to 68% in October 💰
✅ The number of Tenants successfully negotiating rent reductions increased from 0.8% in October to 0.9% in November. However, this is lower than the 1.9% in November last year đŸ”»
✅ The number of properties managed per letting agent branch increased from 196 in October to 212 in November 🏡
✅ In East Midlands, it's just under 250 whereas in London each agency manages around 150 properties ⏬
✅ In November, Tenants viewed a property an average of 5 times before it was let (the same as last month and entire year since June 2020) 👀 
✅ Average length of Tenancy is currently 22 months, a slight increase from 21 months in October. This figure is also slightly higher than during November last year when the length of tenancy stood at 20 months 👍

💬 Comment from Nathan Emerson MNAEA MARLA MNAEA(comm) of ARLA Propertymark:

"Many Landlords are increasingly considering an exit from the market therefore a key focus for Governments in the New Year needs to be how to incentivise more Landlords" 🆘

đŸ“© DOWNLOAD FULL REPORT HERE: https://hood.azureedge.net/cavendish/site/f5a4f5af-5b4a-49e4-a229-6ca89751d9a3.pdf đŸ“©

 
🙋‍♀ đ€đ«đž đČ𝐹𝐼 đŠđšđ±đąđŠđąđŹđąđ§đ  đČđšđźđ« đ«đžđ§đ­đšđ„ 𝐱𝐧𝐜𝐹𝐩𝐞?

Get in touch with our EXPERT TEAM today and we'll let you know đŸŠč‍â™€ïžđŸŠž‍♂

☎📧🗹

#cavendishexperts #lettings #property #properties #rents #investmentproperty #landlord #tenant #lettingagency #lettingagent #investinproperty #landlords #prsreport #prs #rentalproperty #rents

Cavendish Residential Lettings Agency and Estate Agency in Nottingham 

Posted 24 December 2021
by Ali Baylav Managing Director Cavendish Residential

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