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🗝 PRIVATE RENTED SECTOR UPDATE: December key findings from ARLA Propertymark - Download the FULL REPORT below đŸ“©:

✅ Average new prospective Tenants registered per branch fell in December to 67, from November's figure of 82 đŸ”»
✅ Regionally, East Midlands had one of the lowest number of new applicants with an average of just 38 - direct contrast to November where our region saw the most new Tenants đŸ€·‍♀
✅ Landlords aware of difficulties renters are facing as rent increases fell for the fourth month in a row in December with only 56% increasing rents compared to 68% in October 💰
✅ The number of properties managed per letting agent branch decreased from 212 to 204 in December 🏡
✅ In East Midlands, this average is 300 which is more than double the average amount London agencies manage (131) 🏱
✅ Average length of Tenancies are still slightly shy of 2 years 📊

💬 Comment from Lisa Dahl-Parsisson Senior Valuer at Cavendish Residential:

"We expected the December dip but January has been a BUSY month (especially compared to the last 2 years) 👍

We are listing a very high standard of new properties (working on refurbishments where needed) and as a result achieving record high rents for our Landlords 💰"

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

"As the PRS was under the microscope of policy makers last year and house prices boomed, some Landlords decided to exit and consider other options đŸ€”

It’s important that new Landlords are enticed into the market to provide much needed homes" 🏡

đŸ“© DOWNLOAD FULL REPORT HERE: https://hood.azureedge.net/cavendish/site/e148fa29-bf14-42a1-b461-3346c54390d5.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 02 February 2022
by Ali Baylav Managing Director Cavendish Residential

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