Facebook Pixel

📢 10 APPLICANTS for 1 RENTAL PROPERTY RIGHT NOW! 🤷‍♀️ And... They are paying SUPER RECORD HIGH RENTS 💰

Latest key findings from ARLA Propertymark ðŸ— Download the FULL REPORT below 📩:

✅ High rents not deterring prospective Tenants as RENTS CONTINUE TO RISE across the UK 📊
✅ Rent rises continue as 75% of member agents report month-on-month rent price increases (compared to just 31% pre-pandemic) 💰
✅ DEMAND LEVELS are UP UP UP too... An average of 95 new applicants were registered per Agency branch which is higher than the 78 recorded at the beginning of the year 👫👶🐱🐶📝🖋
✅ STOCK LEVELS: number of HOMES FOR RENT still remains SUPER LOW🔻
✅ TENANTS STAYING FOR LONGER as the average Tenancy hits 2 YEARS (has been around the 19th month mark for the last year or so) 🔐
✅ Which all means... 10 SET OF TENANTS wanting to move into EACH AVAILABLE PROPERTY 🤷‍♀️

💬 Lisa Dahl-Parsisson Senior Valuer and Asset Manager at Cavendish Residential:

"Within 24 hours of marketing a property, we are generating SO MANY leads that we have no option but to remove the listing. This is followed by an OPEN DAY and within 72 hours we have a Tenancy in place ABOVE ASKING price... This is almost becoming standard due to the continuous level of HIGH DEMAND" 🤝

💬 Nathan Emerson MNAEA MARLA MNAEA(comm):

"The Private Rented Sector desperately needs more properties to meet the overwhelming demand from Tenants" 🏡

"The market is starved and as such is becoming very competitive for Tenants trying to secure a home" 🏃‍♂️🏃‍♀️

"Letting agents reported Tenants feeling so desperate they are even creating CVs for their children and pets as well as offering over the asking price if it means they can secure a property" 🤝

🙋‍♀️ 𝐀𝐫𝐞 𝐲𝐨𝐮 𝐦𝐚𝐱𝐢𝐦𝐢𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐫𝐞𝐧𝐭𝐚𝐥 𝐢𝐧𝐜𝐨𝐦𝐞?

Get in touch with our EXPERT TEAM today and we'll let you know 🦹‍♀️🦸‍♂️

☎📧🗨

#cavendishexperts #estateagents #lettingagents #propertymanagement #realestate #landlords #propertyinvestment #lettings #lettingagent #lettingsagency #estateagent #housing #propertyprofessionals #estateagency #propertyportfolio #propertysourcing #landlord #tenant #propertyinvestors #propertymarket #buytolet #letting #propertynews #investinproperty #propertyinvesting #prs

Cavendish Residential Lettings Agency and Estate Agency in Nottingham

Posted 16 June 2022
by Ali Baylav Managing Director Cavendish Residential

Want more daily property news? Follow us on LinkedIn.

Search your perfect place to Rent
Search your perfect place to Buy
Looking to sell?
Looking to invest?