đą RENTS GO THROUGH THE ROOF as 79% of Tenants experience rent increases in August! đ°
August key findings from ARLA Propertymark - Download the FULL REPORT below đ©:
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Average new prospective Tenants per branch jumped further to 10, from July's figure of 102 đ
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This is the highest figure ever recorded for the second month running and surpasses last month’s previous record đœ
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In East Midlands the average is right down to 58 (wayyyyy lower than the 100 seen last month) đ€·âïž
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Tenants experiencing rent increases jumped significantly for the second month in a row, as 79% of Agents saw Landlords increasing rents (compared to 71% in July) đ°
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This is the highest rate increase on record, beating the previous record of 68% in May this year for a second month running. đ„
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The number of Tenants successfully negotiating rent reductions decreased from 1.1% in July to 0.4% in August (lowest August figure since records began) đ
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RENTAL STOCK: The number of properties managed per letting agent branch decreased from 204 in July to 196 in August (slightly less than August last year when the figure was 208)đ»
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In August, Tenants viewed a property an average of 5 times before it was let (the same as last month and entire year since June 2020) đ
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In August, Tenants stayed in their rental properties for 22 months on average, a slight increase from 20 months in July đ
đ Want more detail and lots of bar graphs? đ DOWNLOAD FULL REPORT HERE: https://lnkd.in/dVbSNMtM đ©
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Cavendish Residential Lettings Agency and Estate Agency in Nottingham

Posted 28 September 2021
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