🏆 We are NUMBER 1!! East Midlands HIGHEST in the country for TENANT DEMAND 🥇...
November key findings from ARLA Propertymark - Download the FULL REPORT below 📩:
✅ Average new prospective Tenants registered per branch rose in November to 82, from October’s figure of 71 🔼
✅ Regionally, our East Midlands had the highest number of new applicants with an average of 134!! 🥇
✅ 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 🔻
✅ 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" 🆘
📩 DOWNLOAD FULL REPORT HERE: https://hood.azureedge.net/cavendish/site/f5a4f5af-5b4a-49e4-a229-6ca89751d9a3.pdf 📩
🙋♀️ 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐦𝐚𝐱𝐢𝐦𝐢𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐫𝐞𝐧𝐭𝐚𝐥 𝐢𝐧𝐜𝐨𝐦𝐞?
Get in touch with our EXPERT TEAM today and we'll let you know 🦹♀️🦸♂️
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Cavendish Residential Lettings Agency and Estate Agency in Nottingham
Posted 24 December 2021
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