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🚀 HIGHEST RECORDED LEVELS of TENANT DEMAND and RENT INCREASES!! 🚀

July key findings from ARLA Propertymark - Download the FULL REPORT here đŸ“©: https://hood.azureedge.net/cavendish/site/84691d20-e7c8-46b2-91b4-8c9730ae6c5a.pdf 

✅ Tenant demand and rent increases at HIGHEST RECORDED levels!! đŸ‘©‍🚀
✅ Average new prospective Tenants per branch jumped to 102, from June’s figure of 88 🚀
✅ Smashing previous record of 97 in July 2020 đŸ’œ
✅ In East Midlands the average is a cool 100 (wayyyyy up from 60 last month) 💯
✅ Tenants experiencing rent increases jumped significantly, as 71% of Agents saw Landlords increasing rents (compared to 60% in June) 💰
✅ This is highest increase on record (previous record of 68% in May this year) đŸ„‡
✅ Tenants successfully negotiating rent reductions increased from 0.7% in June to 1.1% in July 📉
✅ This is lowest number recorded during July since records began 📊
✅ RENTAL STOCK: Agencies manage an average of 204 properties (up from 184 in June) ⬆
✅ 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) 👀
✅ Tenants stayed in their rental properties for 20 months on average, a slight decrease from 22 months in June 👍

🔍 Want more detail and lots of bar graphs? 📊 DOWNLOAD FULL REPORT HERE: https://lnkd.in/dk-U9sm8 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

Posted 03 September 2021
by Ali Baylav Managing Director Cavendish Residential

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