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RENT, RENT and more RENT... April sees HIGHEST rental demand since records began!! đŸ„‡ Download ARLA Propertymark's full report below đŸ“©

Key findings from ARLA Propertymark đŸ”:

✅ Number of new prospective tenants highest on record for month of April 🏆
✅ Average registered per branch was 82, previous record being 72 in April 2018 đŸ”Œ
✅ In the East Midlands we are registering approximately 120!! đŸ’„
✅ Landlords increasing rent rose to 67% (up from 60% in March) 💰
✅ This is more than DOUBLE the 33% figure of April 2019! 👀
✅ Rent reductions fell to 1.3% (falling from 1.7%) ⏬ 
✅ This is lowest recorded since January 2020 đŸ”»
✅ Average length of a Tenancy in fell to 19 months, a slight decrease from 21 months in March 📄
✅ Average number of viewings before a property is let remains at 5 đŸ€
✅ The number of Landlords selling their Buy-to-Let properties remained the same for the seventh month in a row, at an average of 4 per letting agency branch 🏡

🔍 DOWNLOAD FULL REPORT HERE: https://www.arla.co.uk/media/1049206/prs-report-april-2021.pdf 

We are definitely seeing HIGH levels of demand and as a result, average rents across our entire portfolio is almost 10% higher than this time last year! đŸ’č

SELF-MANAGED LANDLORDS!: For a FREE independent review/Tenancy MOT of your rental income and all aspects of current legislation - to ensure you're in-line with today's MARKET RENTS and FULLY compliant... 

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 Mark Hayward #investinproperty #landlords #prsreport #prs #rentalproperty #rents

Cavendish Residential | Lettings Agents in Nottingham www.cavendishproperty.co.uk/landlords https://cavendishproperty.co.uk/rent/properties 

Posted 28 May 2021
by Ali Baylav Managing Director Cavendish Residential

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