What has the lettings market
of 2015 told us thus far?
We have found in the past
that January was an extremely busy month. Up until 2013 we would say it was the
busiest month of the first two quarters. This was driven by relationships made
and broken over Christmas and New Year’s resolutions to find a new home. We
found that one and two bedroom properties were most popular in the early part
of the year leading up to Spring.
2014 and 2015 have been
different. A different trend is emerging.
This year and last we have
noticed that there is a much higher demand for three and four bedroom homes.
These offer a lower rent per person and are being snapped up quicker than they
would have been a couple of years ago. I feel the main contributing factor is
that tenants are now looking for bargains to minimise their spend on rent every
month. This has also led to more and more tenants pairing up through on room
share sites and through flat-mating events (equivalent of speed dating for a
flat mate, could lead to romance - who knows?). in summary the cheaper one and
two bedroom flats will still let relatively quickly but any landlords looking
to achieve a large rent increase will have to be a little more realistic or may
end up being left disappointed with an unexpected void period!
And so we conclude… 2015 so
far has left us hunting for bigger properties!
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