Summer Lettings Market Update

22 August, 2024

The rental market continues at pace with demand surpassing last year by a significant margin. Unsurprisingly, supply of rental property is critically low, which is causing further upward pressure on asking rents. We await the detail of the new governments proposals for the rental market, the headlines suggest a similar framework as the outgoing governments proposals, but with a faster implementation period. In the meantime it is business as usual for our existing Landlord clients.

We are still seeing new entrants into the rental market, with business plans that reflect the future direction of the sector. Namely, providing a quality property and good service to their Tenants. This is meeting the needs of our pool of potential tenants, who are seeking better rental experience and are prepared to pay a premium to obtain it. 

If you are considering entering the rental market as a landlord, please speak to your local branch, who will be happy to discuss local property needs and likely rental outcomes.

Find your local office here and request a free rental valuation from one of our experienced lettings team here